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The Indicator from Planet Money · May 28, 2026 · 9m

Saudi’s LIV golf exit is just the start

Saudi Arabia’s sovereign wealth fund invested billions in global sports and culture over the last decade, most prominently through LIV Golf, a direct competitor to the PGA Tour. Now it is reversing course and pulling back from that marquee golf project. The episode looks at why the Saudis are changing their strategy and what this signals about their broader economic ambitions.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Highlights

Saudi Arabia’s multi-billion dollar sports push
The Public Investment Fund poured billions into sports and culture, with LIV Golf as the most visible bet.
LIV Golf as PGA disruptor now abandoned
LIV Golf became a high-profile, well-funded rival to the PGA Tour overnight, but Saudi Arabia is now walking away.
Why Saudi Arabia is reversing its sports strategy
The episode examines the reasons behind the Saudi fund’s sudden pullback from LIV Golf and other sports investments.
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