The Latest Breaking News from PIF

LIV Golf chairman Yasir Al-Rumayyan says his Saudi PIF will evaluate possibly still investing in the PGA Tour in the future

Saudi Arabia's use of sport to improve its image and distract from human rights abuses is explored, with athletes and countries complicit in the process. From buying foreign teams to inking multi-billion-dollar athlete contracts, Saudi Arabia is investing heavily in sport in a bid to change the global narrative around…

"Nothing announced by other tours or investment groups changes LIV Golf’s positive trajectory or future plans."

"What I can say is that any investment into the game of golf is gigantic, especially on their side," said DeChambeau.

The DP World Tour CEO has written to members following the announcement that the Strategic Sports Group is investing $3bn in the PGA Tour

The PGA’s funding comes via a consortium led by the owners of Liverpool FC and will benefit marquee names such as Rory McIlroy and Tiger Woods

The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises.

Several DP World Tour players have reacted to the announcement that the Strategic Sports Group is investing $3bn in the PGA Tour

The historic deal is set to give PGA Tour players the chance to collectively access $1.5 billion in equity shares, while investment from the Saudi PIF may still arrive in the future as the men's pro game aims for some kind of unity