The €1.5 trillion family and its relentless quest to buy the world

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Sport is a key plank of efforts to change Saudi Arabia’s conservative picture and open it as much as rising tourism

Yasir bin Othman Al-Rumayyan is governor of Saudi Arabia’s Public Funding Fund (PIF), the Gulf nation’s €650bn sovereign wealth fund. Picture: Serena Taylor

Ben WrightTelegraph.co.uk

At the moment at 19:53

There are nonetheless dozens of questions buzzing across the shock merger of the PGA Tour, the DP World Tour (which was beforehand known as the European Tour) and LIV Golf. However one factor is quick changing into obvious: Saudi Arabia, which has lengthy displayed a penchant for snapping up shiny property around the globe, has successfully purchased a whole sport. (Nicely, nearly a whole sport; it seems that the LPGA and LET – the principle girls’s excursions – are conspicuously absent from the deal.)

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