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Saudi Retreat
Less washing: The actions of nations like Saudi Arabia led terms such as “sportswashing” and “culturewashing” to enter the lexicon, but now the Gulf state appears to be in something of a funding retreat. Reports that Saudi Arabia‘s Public Investment Fund (PIF) will stop financing the LIV Golf Tour shook up the world of sport earlier this week, and these reports were effectively confirmed yesterday afternoon. For those unfamiliar, LIV was a controversial, multi-billion dollar rival to the established PGA tour, featuring famous players including Jon Rahm and Phil Mickelson. Saudi Arabia’s removal of funds has unsurprisingly thrown its future into doubt, although organizers insist they can find new backing and are seeking “secure
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