Is Saudi Arabia's sports revolution unravelling?
BBC News ·

When viewed in this context, it is little surprise that LIV - which had racked up billions of pounds of losses since its launch in 2022 - was no longer compatible with PIF's new investment strategy, …
When viewed in this context, it is little surprise that LIV - which had racked up billions of pounds of losses since its launch in 2022 - was no longer compatible with PIF's new investment strategy, especially with the vast sums needing to be spent on preparing for the World Cup in just eight years. "With the 2034 World Cup approaching, Saudi Arabia faces enormous infrastructure and delivery costs," says Dr John Rewilak, an expert in sport management at Loughborough University. …
Original source: BBC News