LIV and let die: golf rebels count cost of Saudi cutbacks and other sports fear worst | Matt Hughes

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Public Investment Fund withdraws support for rebel tour and other sports could be hit too with Newcastle United uncertainThe reverberations of an unscheduled meeting of LIV Golf executives in New York this week have been felt way beyond their swanky offices in Hudson Yards, on the west side of Manhattan,A slowdown in Saudi Arabia’s lavish spending on sport, which is conservatively estimated to have cost the kingdom more than $10bn in the past five years, had been expected, but its Public Investment Fund’s withdrawal of financial support for the rebel tour – which was first mooted to LIV execs on Monday – has caused shockwaves throughout the wider industry,Significantly, the possibility of PIF’s withdrawal was not even addressed in an email sent by the LIV chief executive, Scott O’Neil, to his staff on Wednesday evening, which has left many of them more fearful for their jobs,Such concerns are not limited to golf, with other sports administrators fearful that similar cuts in Saudi’s budget could be coming their way,While LIV was the primary vehicle through which Saudi launched their ambitious attempt to become a leading global sports destination and promoter five years ago, with more than $5bn invested on the rebel tour, the arch disruptors were by no means the sole beneficiaries.

Large elements of the football, boxing, motorsport, tennis, Esports and mixed martial arts financial ecosystems have become reliant on PIF funding, with a further $5bn spent on player transfer fees, infrastructure, TV rights and hosting fees in these sports.“We all went running to Saudi for a quick payday and are now wondering what the future holds,” a sports executive outside golf told the Guardian.Although widely criticised as sportswashing, Saudi always insisted that its investment in sport was part of the country’s wider Vision 2030, a strategic plan to diversify its economy from oil to other industries including leisure and tourism for domestic benefit.A source who has worked with both the Saudi Ministry of Sport and the Saudi Pro League says the mooted LIV cull should be seen in this context, with PIF now focused on investments with the potential to deliver a financial return and bring long-term economic and public health benefits.“The investment strategy now is far more about domestic benefits and building real businesses,” they said.

“LIV stands out as being from a different era, so it’s no surprise it is vulnerable,”It is no coincidence that reports of LIV’s demise emerged on the same day that PIF published its financial strategy for 2026-2030, which emphasised the importance of “value realisation through performance, innovation and private sector engagement”,While sport was not listed as one of PIF’s six investment pillars, sources disclosed that it will be included as part of the tourism, travel and entertainment portfolio,Another source with a government contract said the change in policy is best seen as an attempt to privatise Saudi’s sports industry, which explains LIV’s vulnerability,While individual teams could be auctioned off it would be a hard sell; O’Neil conceded earlier this year that even after reducing the prize fund this season it could be another 10 years before the tour is profitable.

In contrast PIF on Thursday confirmed the sale of a 70% stake in one of its Saudi Pro League clubs, Al-Hilal, to a private company owned by Prince Al Waleed bin Talal Al Saud, demonstrating why football is seen as a better long-term play.While PIF still owns majority stakes in three SPL clubs – Al-Ittihad, Al-Ahli and Al-Nassr – they will also be sold off in the coming years.Cristiano Ronaldo already owns a small stake in Al-Nassr and the club are hopeful the Portuguese superstar could increase his investment after he eventually retires.There will also be attempts to secure more private investment in the 11 new stadiums that are being built for the 2034 World Cup.While some budgets have been cut and build times increased, as reported by the Guardian in December, the majority of PIF’s World Cup funding has been ringfenced.

Fifa may soon have some concerns about Saudi Arabia’s drive for sustainability, however, as spending in other areas will continue to be cut.While the PIF subsidiary, Surj Sports Investments, is understood to have delivered its $1bn in Dazn that in effect paid for the streaming company’s purchase of Club World Cup TV rights from Fifa last year, one source with knowledge of the deal described it as a one-off transaction that would not be repeated.Given Dazn has recorded combined losses of more than $2.5bn in 2023 and 2024 it is hard to see SURJ making a profit on its investment any time soon, which could leave Fifa facing a challenging market when it seeks to sell the next batch of Club World Cup rights before the 2029 tournament.PIF’s push for privatisation also raises questions for Newcastle United.

The club has benefited from around £500m of investment since PIF paid £305m for it four years ago,Newcastle sources said on Thursday that they have received assurances that the club is a key part of PIF’s strategic portfolio but what that means in practice remains to be seen,While PIF’s ability to spend on Newcastle is severely limited by the Premier League and Uefa’s financial rules, it seems significant that its decision on building a new £1bn stadium continues to be delayed,Beyond football, sources in Saudi have highlighted Esports as another key investment area that will be protected because of its popularity among the country’s youthful population, 69% of whom are under the age of 35,The Esports World Cup has been held in Riyadh since 2024 and is due to return to the capital in August, with the prize fund having increased to $75m.

Saudi will also continue to invest heavily in boxing and MMA due to the influence of Turki Alalshikh, a close adviser to Crown Prince Mohammed bin Salman and chair of the General Entertainment Authority.Under Alalshikh’s guidance the GEA has launched a joint venture with The UFC president Dana White’s TKO Group to set up a new boxing league, with the first bouts likely in Saudi this year.While PIF will continue to look at selling off assets, sports that are not delivering will be discontinued.A three-year deal to stage the finals of the WTA Tour in Riyadh that concludes in November will not be renewed, while the scheduled 2029 Asian Winter Games has already been cancelled.PIF also remains committed to investing in motorsport, with a new purpose-built Formula One circuit near Riyadh due to open next year, although this year’s Grand Prix in Jeddah was cancelled because of the conflict in Iran, along with the race in Bahrain.

It is unclear whether either will be rescheduled,Saudi sources have attempted to blame the planned LIV withdrawal on uncertainty caused by the war, although there are suspicions that this may be a strategic play for insurance reasons, if players do not receive what they are entitled to under their contracts,Paradoxically, the LIV news has emerged at a time when elite sport is due to return to Saudi after a month-long shutdown caused by the war, with the Asian Champions League quarter-finals taking place in Jeddah this weekend,The Saudi Pro League has continued throughout, however, just the latest example of the truism that there is one rule for football and another for the other sports that trail in its wake,
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Tiger Woods mentioned drones over home and car, ‘president’ in remarks after crash, filing shows

Tiger Woods told police he had taken multiple prescription medications, including Vicodin, on the day of a crash that led to his arrest on suspicion of driving under the influence, according to court filings released on Wednesday.The filing, submitted by prosecutors in Florida as part of routine pretrial discovery and obtained by the Guardian, also details a series of unusual remarks Woods made to officers at the scene of the 27 March crash in Hobe Sound, including references to drones flying over his home and a claim that he had spoken to “the president”.Woods told investigators he takes medications for high blood pressure and cholesterol, as well as ibuprofen and Vicodin, and said he had taken all of them earlier that day when asked. He denied drinking alcohol.A breath test showed no alcohol in his system, but Woods refused a urine test for drugs, the filing states

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LIV and let die: golf rebels count cost of Saudi cutbacks and other sports fear worst | Matt Hughes

Public Investment Fund withdraws support for rebel tour and other sports could be hit too with Newcastle United uncertainThe reverberations of an unscheduled meeting of LIV Golf executives in New York this week have been felt way beyond their swanky offices in Hudson Yards, on the west side of Manhattan.A slowdown in Saudi Arabia’s lavish spending on sport, which is conservatively estimated to have cost the kingdom more than $10bn in the past five years, had been expected, but its Public Investment Fund’s withdrawal of financial support for the rebel tour – which was first mooted to LIV execs on Monday – has caused shockwaves throughout the wider industry.Significantly, the possibility of PIF’s withdrawal was not even addressed in an email sent by the LIV chief executive, Scott O’Neil, to his staff on Wednesday evening, which has left many of them more fearful for their jobs. Such concerns are not limited to golf, with other sports administrators fearful that similar cuts in Saudi’s budget could be coming their way.While LIV was the primary vehicle through which Saudi launched their ambitious attempt to become a leading global sports destination and promoter five years ago, with more than $5bn invested on the rebel tour, the arch disruptors were by no means the sole beneficiaries

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Portcullis gets royal breeders dreaming at Newmarket’s ancient first rite of spring

Captain Cook was a few months away from landfall after his first circumnavigation of the earth when the first ­Craven meeting was held on Newmarket heath in the spring of 1771.It is older than any of the Classics, and old enough too to have the great Potoooooooo – who got his name when a stable lad was unsure how to spell potatoes – on the Craven Stakes’s roll of honour in 1782. For a quarter of a millennium250 years, the first meeting of the year on the Rowley Mile at Newmarket has been Flat ­racing’s first rite of spring.“It’s what keeps everybody going,” Jason Singh, the marketing director of the famous bloodstock auction house Tattersalls, said here on Thursday, “and I speak as a breeder and racehorse owner myself as well as a sales company employee.“Every year, at this time of year, everybody has got hopes that the next horse they’ve bought is going to be the next superstar, and until it’s not, it could be

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LIV golf stars face career limbo with Saudi investment expected to end in 2026

Several of golf’s leading names are facing career limbo at the end of 2026 amid expectation Saudi Arabia’s Public Investment Fund will withdraw backing for the LIV Tour.While the likelihood is Bryson DeChambeau and Jon Rahm will be afforded a pathway back to the PGA Tour, the future for others who made lucrative switches to LIV is far more uncertain.LIV’s executives, who were in bullish form over the circuit’s future at last week’s Masters, subsequently attended a summit with the PIF in New York. There the financial impact of the Middle East crisis is believed to have been cited for a sudden and dramatic change in the fund’s approach.Insiders believe the PIF will seek to apply force majeure as a means to extricate itself from contracts beyond the end of this year

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Chris Westwood obituary

My husband, Chris Westwood, who has died aged 82, had an overriding passion for sailing. Learning in a homemade Mirror he became adept at reclaiming dinghies, and regularly raced on the River Medway in Kent. Chris’s appetite for mastering sailing techniques was noticed at Deptford Sailing Centre in south London, where he taught Inner London Education Authority-funded evening classes for 10 years from 1975, while working as a civil servant.He was a member of many sailing clubs on the River Thames and Medway, and a dinghy captain and secretary at Greenwich Yacht Club, where he and I met in 1988; Chris also supported disabled people, helping them to sail on the tideway. He later became a committee member at Erith Yacht Club

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Gout Gout may be bigger than Cathy Freeman, but he alone is not athletics’ elixir

The video – watched millions of times across social media – is irresistible, showing Gout Gout recording the fastest 200m time by a teenager, ever, on Sunday at the national athletics championships in Sydney. Witness the moment in person, and it was one of Australian sport’s unforgettable days.Yet look at the background behind the teenager, and you see an almost empty grass hill. As Gout turns and celebrates, saluting the crowd, he does so to a half-empty grandstand.This was the highlight of the annual athletics calendar, a pleasant autumn afternoon in the middle of school holidays in Sydney, at a venue next door to the Royal Easter Show well serviced – on this day at least – by public transport