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Kingdom’s investment group aims to finance projects to modernise its economy
Start-up says more fundraising is “inevitable” as it looks to cut spending and raise output
Richard Blumenthal accused kingdom of trying to launder its image with potential PGA deal
Senators assail consultants for helping Riyadh use ‘soft power’ to build influence in the US
A behind-the-scenes look at the work of Rutherford Hall, critical communications strategist
Plus, Carlyle co-founder gets into baseball, football’s transfer market tanks
Senator says consultancies have not complied with subpoena seeking details of their work for the kingdom
Deal with Strategic Sports Group led by Fenway Sports Group comes as tour continues talks with Saudi sovereign wealth fund
USS, Canada’s CDPQ and Singapore’s GIC push to exit, putting £2.4bn deal with Saudis and private equity at risk
The Public Investment Fund spent more money than Singapore’s GIC last year and the pace is likely to accelerate
Two new shareholders, PIF and Ardian could increase their investment further as part of airport’s ownership structure
Also in this week’s newsletter, Jon Rahm defects to LIV, disappointment for John Textor and Arctos buy PSG stake
Country’s $700bn Public Investment Fund plans to invest tens of millions to double the chain’s portfolio in five years
Ferrovial selling holdings after 17 years
Plus, F1’s valuation race hots up, multiclub ownership divides the Premier League, and more
Compensation for players who stuck with the US tour and LIV’s team-golf format are among the big stumbling blocks
Larry Fink, Jamie Dimon and Jane Fraser among those expected at Saudi investment conference
Professional Fighters League looks to buy Bellator, as founder Donn Davis goes on acquisition drive
Men’s professional golf organisation initiates formal bid process amid ‘unsolicited outreach’
Banking group sells $4.5bn in assets and loans in deals with Saudi state-owned group and company backed by Apollo
Kingdom’s position in US government bonds falls by $3.2bn in June to $108bn
Mark Bristow praises Saudi Arabia for showing interest in Pakistan copper and gold mine in province riven by violence
Net transfer spending by the Pro League trails only that of the Premier League
Brazilian miner sells 13% slice of business to aid ‘energy transition’ in $3.4bn cash deal
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