PIF Page 2 - Sports News, Headlines & Highlights
PIF to fund maternity leave, other parental benefits for WTA players
The WTA Tour and Saudi Arabia's Public Investment Fund announced Thursday that eligible WTA players will receive benefits through the creation of the PIF WTA Maternity Fund Program.,Under the initiative, players will receive up to 12 months of paid maternity leave and have access to grants for ferti...
Tiger Woods, Jay Monahan meet with Donald Trump over LIV merger
PGA Tour commissioner Jay Monahan, Tiger Woods and Adam Scott met with President Donald Trump and Saudi businessman Yasir Al-Rumayyan on Thursday at the White House to discuss a merger with LIV Golf.,Woods confirmed an initial meeting took place last week that he was unable to attend, adding in publ...
Reports: PGA, White House officials meet to discuss LIV merger
PGA Tour commissioner Jay Monahan, Tiger Woods and Adam Scott met with White House officials on Thursday to discuss merger talks with LIV Golf, according to published reports.,Golfweek reported Thursday that President Donald Trump was expected to attend, but the White House and PGA Tour did not conf...
Report: PGA, LIV leaders to meet with President Trump on Thursday
PGA Tour commissioner Jay Monahan and leaders of LIV Golf are in Washington, D.C., to meet with President Donald Trump, Golfweek reported Thursday. ,The Thursday meeting was first reported by Radar Atlas, a site tracking private jet and airplane travel, which confirmed aircraft connected to the Tour...
Report: PIF’s LIV Golf investment nearing $5B as losses mount
The Saudi Arabia Public Investment Fund is nearing $5 billion in total investment in LIV Golf, according to financial documents reviewed by the Money in Sport newsletter on Thursday.,Saudi Arabia has invested in global sports, most notably men's golf but also soccer, tennis and auto racing, with cri...
LIV CEO excited by 'likely' PIF investment in PGA Tour Enterprises
Scott O'Neil, newly on the job as LIV Golf's chief executive officer, is taking an optimistic view on his circuit's future.,The Public Investment Fund of Saudi Arabia, LIV's financial backer, is "likely to make an investment in PGA Tour Enterprises," O'Neil said Wednesday.,PGA Tour Enterprises is th...
PGA Tour asks President Trump to mediate with Saudis
The PGA Tour has asked President Donald Trump to help broker a deal with the Public Investment Fund of Saudi Arabia that could lead to a long-awaited alliance between the parties.,The PIF is the financial backer of the LIV Golf League, which has lured some of the PGA Tour's stars with its big-money ...
Report: PGA Tour-LIV merger rumors premature
In an unsurprising turn of events, the British tabloid report of a finalized merger between the PGA Tour and LIV Golf may have been premature.,The Sun reported Saturday that the long-awaited merger between the rival golf circuits was complete and, per the headline, "Golf's civil war OVER.",But on Tu...
Report: LIV seeking to replace Greg Norman as CEO
The Saudi Public Investment Firm is reportedly interested in moving Greg Norman out of the position of LIV Golf CEO, though not out of the golf league's offices entirely.,The PIF has contracted a London-based search firm to find a new CEO to succeed Norman in the role, Sports Business Journal report...
Report: LIV player returns are sticking point of PGA-PIF talks
Recent reports have suggested that PGA Tour players want members of LIV Golf to return the money they received from LIV as a condition of any reunification of men's golf, but according to a Golf Digest report Friday, the bigger sticking point is whether to allow players back to the tour at all.,Few ...
Report: PGA, PIF meeting in NYC for 'multiple days'
Tiger Woods and a contingent of PGA Tour officials are in New York for "multiple days" of meetings with representatives from the Saudi Arabia Public Investment Fund, a sign of increased intention in lagging negotiations to merge professional golf circuits, ESPN reported Tuesday. ,PGA Tour commission...
Jay Monahan: PGA Tour, PIF in position to bring golf's best together
PGA Tour commissioner Jay Monahan presented a united front with players, sponsors and investors, saying Wednesday the mission is to build the best experience for fans and grow the game through re-imagining the schedule and embracing change.,Monahan said the priority level in negotiations with the Sa...
Patrick Cantlay: PGA-PIF talks ‘always evolving’
Sometimes no news is good news. When it comes to the trickle of information about the PGA Tour's merger with Saudi Arabia's Public Investment Fund, Patrick Cantlay would concur.,Cantlay, who sits on the PGA Tour policy board as a player director, was asked Tuesday if those PGA-PIF negotiations had a...
Jay Monahan on PGA Tour-PIF talks: 'Very productive'
PGA Tour commissioner Jay Monahan told reporters Wednesday that discussions are headed in the right direction as it relates toward the potential unification in professional golf with Saudi Arabia's Public Investment Fund.,Monahan, however, said that he will not hold public negotiations as a means to...
Report: PGA Tour, PIF reps meeting in New York on Friday
Representatives of the PGA Tour are meeting in person Friday with Yasir Al-Rumayyan, governor of the Saudi Public Investment Fund, as the two sides try to move closer to finalizing their affiliation, Golfweek reported.,The meeting is in New York and marks the first time the sides have met face-to-fa...
WTA signs multi-year partnership with Saudi Arabia's PIF
The WTA entered a "multi-year partnership" with Saudi Arabia's Public Investment Fund (PIF) that will see the PIF become the first naming rights sponsor of the WTA rankings.,The controversial wealth fund, known for bankrolling LIV Golf and pursuing a merger agreement with the PGA Tour, has worked to...
Jimmy Dunne resigns from PGA Tour policy board
Jimmy Dunne, one of the authors of the framework agreement between the PGA Tour and Saudi Arabia's Public Investment Fund (PIF), stepped down from the tour's policy board on Monday, effective immediately.,The move comes almost one year after Dunne worked to get the PGA Tour and PIF, which bankrolls ...
With PGA-LIV merger, the sportswashing of Saudi Arabia's human rights record is in full swing
The impending merger between the PGA Tour and LIV Golf series has brought Saudi sports washing efforts to an American pro sport. The alliance between the century-old PGA Tour and the upstart series, backed by the Saudi Kingdom’s Public Investment Fund, is their boldest foothold into the American mar...