PGA Merger Just the Start – Saudis Eyeing These Iconic American Sports
The Islamist monarchy of Saudi Arabia may be eyeing other American sports.
The blockbuster merger of LIV, a new golf tour controlled by Saudi Arabia’s Public Investment Fund, with the American PGA Tour earlier this month, represents a major entry for the Saudis into American sports.
And it might not be the last one.
The fund’s seemingly limitless oil wealth renders it a competitor to wealthy American sports owners.
Some of the sporting events already owned by the Saudi state include a Formula One race, World Wrestling Entertainment performances, and the Saudi Cup, the most lucrative horse race in the world, according to the U.K. Guardian.
