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7min chapter
How Saudi Arabia is buying up the sport of golf
The Story
The PIF's Investment in Golf
Golf's new owners, the Saudi Arabian Public Investment Fund (PIF), have paid for 20% of the sport. The PIF has already taken maybe $2 billion of its money and could be in a position to increase that amount with an increased stake. David Cameron says golf is being used as 'sport washing' after World Cup success. But he adds: 'What we don't want is a political dilemma... We're going to a football game'
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