Saudi Arabia's Sports Investments

Saudi Arabia has already invested more than $10 billion in different sports leagues, teams, and events. Saudi Arabia bought Newcastle United Football Club for $408 million in 2021. The country also has a 10-year $1 billion deal with WWE that guarantees at least two events each year will be in Saudi Arabia. They've spent at least at least $150 million on two separate high-profile boxing events including Anthony Joshua and Andy Ruiz Jr.