Mmastodon SportGolf first seen 7 h ago, last 7 h ago, peak #2
Saudi wealth fund pulls back from women's golf too
Original: [lalibre] Le golf féminin, aussi, est victime du désengagement du fonds souverain saoudien # Golf https://www. lalibre.b
Women's golf is also feeling the effects of Saudi Arabia's sovereign wealth fund scaling back its sports investments, Belgian daily La Libre reports. The Public Investment Fund, which had poured money into the sport through sponsorships and tours, is reducing its commitment, leaving the women's game facing funding questions just as it had begun benefiting from Gulf money.
Why now: The Saudi PIF's retreat from sports investment is now hitting women's golf, raising fresh concerns about the tour's financial future.
Public Investment FundLadies European TourSaudi ArabiaLa Libre
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