Saudi Stops Funding LIV Golf

The decision by Saudi Arabia's sovereign wealth fund to stop bankrolling LIV Golf has plunged the future of the breakaway series into doubt. This move also raises questions over the country's broader sports portfolio, which includes hosting Formula 1 races, tennis events, and the 2034 FIFA World Cup. amunra-online.pl

Despite the withdrawal, PIF stated it remains committed to sports investments as a priority sector. Saudi Arabia has spent billions to establish itself as a global sports hub, luring stars like Cristiano Ronaldo and investing in Newcastle United. Critics have accused the kingdom of 'sportswashing' its human rights record through these sports investments.