• Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
Saudi Business News
Saturday, June 7
03:14
29 °c
Riyadh
No Result
View All Result
Saudi Business News
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
No Result
View All Result
Saudi Business News
No Result
View All Result

HomeInvestmentSaudi Wealth Fund Eyes Global Boxing League Creation

Saudi Wealth Fund Eyes Global Boxing League Creation

PIF Plans to Revolutionize Boxing with New League

June 11, 2024
in Investment, Vision 2030
Reading Time: 2 mins read
152
SHARES
1.9k
VIEWS
Share on FacebookShare on XShare on LinkedInShare on Telegram

The Saudi Arabia’s Public Investment Fund (PIF) is in the midst of negotiations with significant figures in the boxing industry to set up a league, which could significantly alter the competitive dynamics of the sport.

What Happened: Discussions are being held between the PIF and a number of influential boxing promoters, such as Matchroom Boxing and Golden Boy Promotions, with the intention of creating a new boxing league. The anticipated valuation of this new venture stands between $4 and $5 billion, with the PIF poised to acquire a minority share.

RelatedPosts

Vision 2030 Progress: Saudi Arabia Achieves 93% of Key Goals

Egypt-Saudi Investment Deals Boost Sectors

Energy Investment Agreement Boosts US-Saudi Partnership

The exact format of the proposed boxing league has not been disclosed, and both the PIF and the promoters involved have refrained from commenting on the ongoing discussions.

Guided by the vision of Crown Prince Mohammed bin Salman, the PIF is diversifying its portfolio by investing in a variety of sports. This strategy falls in line with the nation’s Vision 2030 initiative, which seeks to diminish the economic dependency on oil.

Following its investments in golf, Formula 1, and soccer, boxing has emerged as the PIF’s latest interest in the sports arena, with considerations also being given to the formation of a new cycling league.

Why It Matters: The PIF’s contemplated foray into boxing is happening amidst a backdrop of considerable changes within the sport. For example, a highly awaited boxing event featuring Jake Paul and Mike Tyson has been rescheduled to November 15 and is slated to be broadcast live on Netflix Inc, representing the streaming service’s inaugural live sports event.

Nonetheless, the PIF’s ventures into sports have not been free of disputes. The investment in the LIV Golf series sparked a contentious relationship with the PGA Tour, leading to an attempted merger that is currently jeopardized due to stalled negotiations and scrutiny from a U.S. Senate committee.

Tags: Boxing LeagueGlobal SportsSaudi Public Investment FundSports InvestmentVision 2030
Share61Tweet38Share11Share

© 2025 Copyright, Saudi Business News

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line

© 2025 Copyright, Saudi Business News

Go to mobile version