#Public Investment Fund

Newcastle target Dan Burn and Eddie Nketiah in transfer push

Brighton are braced for another bid for their central defender Dan Burn from Newcastle before the transfer window’s closure on Monday night. By then Eddie Howe should have added the Lyon midfielder Bruno Guimarães to his squad as well as, potentially, a left-back and a striker, with Arsenal’s Eddie Nketiah high on his list.
Picture for Newcastle target Dan Burn and Eddie Nketiah in transfer push

Saudi-Arabia’s Savvy Gaming buys ESL Gaming and FACEIT for $1.5 billion

ESL Gaming and FACEIT are merging to form the ESL FACEIT Group, thanks to a $1.5 billion acquisition by Saudi Arabia-backed company Savvy Gaming Group (SGG). In a press release this week announcing the merger and acquisition, it was shared that the deal is “subject to regulatory approval” and will close by the end of June this year. Both ESL and FACEIT will keep key executive leaders, but the companies will now be one with ESL’s Craig Levine and FACEIT’s Niccolo Maisto serving as co-CEOs.
Picture for Saudi-Arabia’s Savvy Gaming buys ESL Gaming and FACEIT for $1.5 billion

Newcastle trio Jamaal Lascelles, Dwight Gayle and Fabian Schar are pictured dancing with locals in the middle of the Saudi Arabian desert as Eddie Howe's players let their hair down on winter training camp

Newcastle flew to Jeddah, Saudi Arabia for a warm-weather training camp. The Magpies will play a friendly against Al-Ittihad before returning to the UK. Jamaal Lascelles, Dwight Gayle and Fabian Schar were seen dancing with locals. Toon boss Eddie Howe believes the training trip will be good for the team's...
Golf Digest

Rory McIlroy sees upside in talk about rival tours: Players becoming more invested in pro golf’s future

DUBAI — For something that hasn’t even begun—and may not ever make it as far as the starting line—just the mere possibility of a Saudi Super League continues to energize much of the off-course chat on both the PGA Tour and the DP World Tour. And, as is so often the case, Rory McIlroy is something of a voice of reason amid the mixture of confusion and unawareness that is likely to remain the case until something concrete actually occurs.

Premier League: Under Pressure Managers in the Sack Race

As we reach the Premier League winter break, the pressure is building on clubs that are underperforming. For some of these clubs, failure to perform on the pitch can be the difference between a successful season or a trophyless one – but for others, relegation is on the line. Managers, players and most importantly fans will be hoping for fewer disruptions to the season as we get closer to the end.

The Public Investment Fund announces the launch of the Savvy Group for electronic games

The Public Investment Fund announced today the launch of the Savvy Group for electronic games and its board of directors is chaired by His Royal Highness Prince Mohammed bin Salman Al Saud, Crown Prince, Deputy Prime Minister, Chairman of the Council for Economic Affairs and Development, and Chairman of the Board of Directors of the Public Investment Fund.

Saudi Arabia launches gaming, e-sports group Savvy

DUBAI, Jan 26 (Reuters) - Saudi Arabia's Public Investment Fund on Wednesday said it had launched a gaming and e-sports group, Savvy Gaming, days after Swedish firm MTG announced it was selling ESL Gaming to it. MTG on Monday said it had agreed to sell ESL Gaming to Savvy Gaming...

Saudi Arabia Investment Fund Acquires ESL and FACEIT Esports Companies

The last week has seen the biggest names in esports being swallowed up by larger companies. Last week, Major League Gaming, which is under the Activision-Blizzard banner, was caught up in the massive Microsoft acquisition. This week, two industry stalwarts in ESL and FACEIT have been bought by Savvy Gaming Group, a company created and funded by Saudi Arabia’s Public Investment Fund.

CyberArm flies flag for Lebanon in Saudi Arabian cyber

In a mark of Saudi Arabia's growing appetite for cyber technology, the former head of sales at Saudi Arabia's Public Investment Fund (PIF) Fahad Alghamdi, recently joined the advisory board of the Lebanon-based cybersecurity firm CyberArm. [...] (225 words)

Saudi-Backed Group Merging ESL, FACEIT in $1.5B Deal

Savvy Gaming Group has purchased esports tournament and league operators ESL and FACEIT for a combined $1.5 billion to form the ESL FACEIT Group. Fully backed by Saudi Arabia’s Public Investment Fund, Savvy Gaming will “fuel ESL FACEIT Group growth with significant long-term investment.” The company was formed in 2021.

Inter Milan Issues $468.3M Bond To Manage Debt

Inter Milan is issuing $468.3 million in new debt to pay off old debt. The Serie A club is juggling its finances as it continues to be weighed down by pandemic-related losses. The senior secured notes, issued by its broadcast, media, and sponsorship division Inter Media and Communication, will be due in 2027.