Middle East
PIF steps up sports drive with SRJ Sports Investments launch
Saudi Arabia’s Public Investment Fund (PIF) has established a new sports investment company as part of plans to further grow its presence within global sport.
DAZN acquires DTM, GT Masters rights in eight markets
Multi-platform subscription broadcaster DAZN has acquired rights to the Deutsche Tourenwagen Masters, GT Masters and GT4 Germany touring cars series in eight markets
Saudi Arabia planning ‘multibillion-dollar’ sports investment group
Saudi Arabia is planning to launch a new investment company as an extension of its Public Investment Fund as the country seeks to further expand its presence within global sport
Nike strengthens Ronaldo links with Al-Nassr kit supply deal
Saudi Arabian football club Al-Nassr has signed up Nike as its new kit supplier
Spring Media seeking out broadcasters for Riyadh’s World Combat Games
The Spring Media agency has been appointed to distribute global broadcast rights to the 2023 World Combat Games, which are scheduled to take place in Riyadh, Saudi Arabia, from October 21 to 30
Dubai joins hosting plan for World Rugby’s WXV
World Rugby has announced that Dubai will be the destination for one of the three legs of its new women’s competition concept, WXV.
Mumtalakat takes on PIF’s McLaren stake
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain, has strengthened its interest in British automotive, motorsport and technology company McLaren Group by acquiring…
BeIN set to lose second UAE carriage deal as Du drops channels
Pay-television broadcaster beIN Sports is poised to lose more carriage in the United Arab Emirates (UAE) after telecoms operator Du informed its customers that the channels would be dropped from its television…
PIF-backed Gulf International Bank named Al-Nassr sponsor
Gulf International Bank (GIB), the banking group in which Saudi Arabia’s Public Investment Fund holds a 97.2-per-cent shareholding, has been named a silver sponsor of Saudi Pro League side Al-Nassr.
PIF-owned Saudi real estate firm signs Al-Ittihad sponsorship
Real estate developer Roshn has signed a three-year 'Platinum' sponsorship with Saudi Premier League champions Al-Ittihad.
Roshn is owned by Saudi Arabia's Public Investment Fund (PIF)
Jeddah to host first event as E1 details inaugural calendar plans
E1 Series, the electric powerboat racing championship, has announced the venues for its inaugural season in 2024, with Jeddah in Saudi Arabia to host the first race
Cook swiftly departs Saudi Pro League for Birmingham City role
Former Manchester City chief executive Garry Cook is leaving his position as executive president and CEO of the Saudi Pro League (SPL) after less than six months in the post to take up a new role at English…
Swiss regulator: Fifa at fault over Qatar 2022 carbon-neutral claims
Fifa has said it remains committed to “continuously improve its approaches” with regards sustainability issues after the Swiss Commission for Fairness in Commercial Communication (SLK) upheld complaints fro…
PGA Tour, DP World Tour and PIF agree bombshell commercial merger
The PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund (PIF) are to merge commercial operations under common ownership in a shock tripartite agreement that ends all pending litigation r…
Crown Prince opens door to private investors to grow Saudi Pro League pot
Crown Prince Muhammad bin Salman has outlined ambitious plans to quadruple the annual commercial revenues, and more than double the market value, of the Saudi Pro League (SPL) by permitting private investment…
BeIN Sports channels leave UAE’s Etisalat, negotiations with Du continue
BeIN Sports subscription channels are no longer available on the platform of United Arab Emirates telco Etisalat by e& after the pair failed to reach an agreement over the carriage fee going forwards
Emanuel: Endeavor ‘considered $1bn investment’ in LIV Golf
Ari Emanuel, chief executive of Endeavor, has said the sports and entertainment group was willing to invest in LIV Golf before backing away at the behest of PGA Tour commissioner Jay Monahan
BeIN Sports channels could leave Etisalat
United Arab Emirates telco Etisalat by e& has warned its customers that beIN Sports, and other channels provided by beIN Media Group, may disappear from its television offering on Thursday