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Report: PIF鈥檚 LIV Golf investments nearing $5 billion

Report: PIF鈥檚 LIV Golf investments nearing $5 billion
Marc Leishman of Ripper GC celebrates winning during Day 3 of LIV Golf Miami at Trump National Doral Miami on April 6 in Doral, Florida. (AFP)
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Updated 06 May 2025

Report: PIF鈥檚 LIV Golf investments nearing $5 billion

Report: PIF鈥檚 LIV Golf investments nearing $5 billion
  • Money in Sport had previously projected an increase in the PIF investment of $5 billion by the end of 2025

NEW YORK:聽LIV Golf鈥檚 investors are reaching into their pockets again for funding, with 海角直播鈥檚 Public Investment Fund nearing $5 billion in spending on the three-year-old league.

LIV Golf Investments, the parent company for worldwide LIV Golf operations, has increased its authorized share capital twice this year, once in mid-January and once late in April, for a total of $674.3 million, according to the Money in Sport newsletter on Monday.

This brings the total spend to $4.58 billion, with $1.9 billion of that coming since January 2024.

Money in Sport had previously projected an increase in the PIF investment of $5 billion by the end of 2025.

With a reference to $82 million in revenue from January to October 2024, PIF鈥檚 filing included the first time a consolidated revenue figure for LIV Golf has been publicly disclosed.

The filing shows the latest authorizations come with three conditions: a minimum number of events this season, a minimum revenue and a finalized TV deal with Fox Sports.

LIV Golf has made significant changes this year, including Scott O鈥橬eill replacing Greg Norman as CEO in addition to altering its team format to make all players鈥 scores count in every round.

LIV Golf鈥檚 first event in the US of 2025 brought record viewership for the league, with 484,000 people tuning in to watch Marc Leishman鈥檚 triumph in Miami on April 8.

Unfortunately for the Saudi-backed league, that was still less than a third of the number of people who opted to watch a standard PGA Tour event the same day.

鈥淚 think we all hoped it would have been a little bit further along, and that鈥檚 no secret,鈥 American golfer Brooks Koepka said ahead of the LIV Golf Miami tournament at Trump National Doral on April 2.

鈥淣o matter where you鈥檙e at, you always hope everything is further along. But they鈥檙e making progress, and it seems to be going in the right direction.鈥


Pakistan coach backs Azam鈥檚 return for South Africa T20s

Pakistan coach backs Azam鈥檚 return for South Africa T20s
Updated 26 October 2025

Pakistan coach backs Azam鈥檚 return for South Africa T20s

Pakistan coach backs Azam鈥檚 return for South Africa T20s
  • Azam, 31, has been recalled for the first time since December last year
  • Mike Hesson believes the timing is right for Azam to make a comeback

RAWALPINDI: Pakistan coach Mike Hesson has thrown his support behind Babar Azam鈥檚 return to the T20 squad, as the three-match series against South Africa starts in Rawalpindi on Tuesday.

Azam, 31, has been recalled for the first time since December last year, having previously been dropped due to concerns over his strike rate in the format. But Hesson believes the timing is right for the batsman to make his comeback.

鈥淵es, I certainly endorse his selection,鈥 Hesson said on Sunday. 鈥淲e have rested Fakhar Zaman for this series, so it was a good opportunity to bring back Azam and I am confident he will do well.鈥

Azam, who captained Pakistan across all formats before stepping down in October 2024, is on the verge of a major milestone. He needs just nine runs to surpass India鈥檚 Rohit Sharma as the leading run-scorer in T20 internationals. Sharma currently has 4,231 runs from 159 matches, while Azam sits at 4,223 from 128 games.

Hesson, who took charge of the team in May, sees Azam鈥檚 return as a strategic move ahead of next year鈥檚 T20 World Cup in India and Sri Lanka.

鈥淎zam is likely to bat at number three and it is a role that I am confident that he will be able to do well and give us some options coming into the World Cup,鈥 he said.

Despite South Africa missing several key players, Hesson remains cautious about the threat they pose.

鈥淟ook, the squad that South Africa put together is a very dangerous side and we are wary of that,鈥 he said, referring to the team captained by Donovan Ferreira.

South Africa will be without key batsman David Miller, who was ruled out due to a hamstring injury, and fast bowler Gerald Coetzee, sidelined with a pectoral muscle issue. Opener Aiden Markram and paceman Kagiso Rabada have also been rested for the series.

The final two matches of the series will be played in Lahore on Friday and Saturday.


Ronaldo scores 950th career goal as Al-Nassr win to stay top

Ronaldo scores 950th career goal as Al-Nassr win to stay top
Updated 26 October 2025

Ronaldo scores 950th career goal as Al-Nassr win to stay top

Ronaldo scores 950th career goal as Al-Nassr win to stay top
  • 2-0 win against Al-Hazem sees Riyadh club maintain perfect start to season with 18 points from 6 matches

RIYADH: Cristiano Ronaldo scored his 950th career goal on Saturday as Al-Nassr defeated Al-Hazem 2-0 at the King Abdullah Sports City Stadium to stay top of the Saudi Pro League table.

The victory saw the Yellows maintain their 100 percent start to the season and they now lead the standings with 18 points from six matches, three ahead of second place Al-Taawoun. Riyadh rivals Al-Hilal are in third with 14 points, with Al-Hazem 14th with five points.

Portuguese playmaker Joao Felix opened the scoring on 25 minutes with a fine header past Bruno Varela in the Al-Hazem goal.

The match looked to be drifting toward a slender win for Al-Nassr following the break until Ronaldo stepped up with another landmark. With only two minutes of the 90 left, the captain expertly sidefooted home Wesley鈥檚 cross from the right to secure all three points for the league leaders.

Earlier on Saturday, Al-Qadsiah drew 0-0 at home against Al-Okhdood, while visitors Damac held Al-Shabab to 1-1 draw in Riyadh.


Hamdy Abdelwahab at home in dominant Abu Dhabi display

Hamdy Abdelwahab at home in dominant Abu Dhabi display
Updated 26 October 2025

Hamdy Abdelwahab at home in dominant Abu Dhabi display

Hamdy Abdelwahab at home in dominant Abu Dhabi display

ABU DHABI: Hamdy Abdelwahab, coming off a loss in his previous fight, made an emphatic return to the UFC Octagon on Saturday night, beating Spain鈥檚 Chris Barnett by unanimous decision.

The Egyptian former Olympian is currently one of the most exciting prospects from the region, which has increasingly become a hub for global fights sports. Abdelwahab said he felt at home fighting at the Etihad Arena, thanking the fans who he said had spurred him on.

鈥淚 represent a whole Arab community, everyone here that has any Arab blood I represent them,鈥 Abdelwahab said after the fight.

In his career, Abdelwahab has navigated highs and lows, including several knockout wins as well as suspensions. Now based in Dubai, he said he was training to bring opponents to the ground, where he believed his wrestling would prove overwhelming.

鈥淭he whole focus was my wrestling, no one can handle my wrestling, I need to show that I am an Olympic wrestler,鈥 he said.

鈥淚 was blocking every single thing he can do, even the spinning kick and the elbows, I could see everything.鈥

Despite the UFC main card events being held in Abu Dhabi for several years now, with other fight nights held around the Gulf, the region is shy in terms of talent participating at the highest level of the sport.

With a dominant win under his belt, and home court advantage, Abdelwahab, believes he can change those odds, taking his wrestling all the way to the top.

鈥淚f they have space for me at the Fight Night in Qatar, I am ready to go, I will just pack my bags and take my team and we will go,鈥 he said.

 


Dodgers knot World Series on Yoshinobu Yamamoto鈥檚 gem versus Blue Jays

Dodgers knot World Series on Yoshinobu Yamamoto鈥檚 gem versus Blue Jays
Updated 26 October 2025

Dodgers knot World Series on Yoshinobu Yamamoto鈥檚 gem versus Blue Jays

Dodgers knot World Series on Yoshinobu Yamamoto鈥檚 gem versus Blue Jays
  • The Los Angeles Dodgers right-hander pitched his second consecutive complete game Saturday night
  • He managed his pitch count as the game progressed and it finished at 105 with 73 strikes, retiring his final 20 batters

TORONTO: Finishing what he starts has become a postseason trend for Yoshinobu Yamamoto.
The Los Angeles Dodgers right-hander pitched his second consecutive complete game Saturday night in a 5-1 victory over the Toronto Blue Jays to knot the World Series at one apiece.
Game 3 of the best-of-seven series will be played Monday in Los Angeles, with Dodgers right-hander Tyler Glasnow opposing Blue Jays right-hander Max Scherzer.
With the game tied 1-1 in the seventh, Will Smith (three RBIs) and Max Muncy each hit solo homers to back Yamamoto.
Yamamoto (3-1) allowed one run, four hits and no walks while striking out eight.
鈥淭o be honest, I was not thinking I could complete the game because my pitch count racked up kind of quickly,鈥 Yamamoto said through an interpreter. 鈥淏ut I鈥檓 very happy I completed the game.鈥
He managed his pitch count as the game progressed and it finished at 105 with 73 strikes, retiring his final 20 batters.
鈥淎t the end of the fifth inning, I believe the pitch count was 71, so at that point I was still trying to take it one inning at a time,鈥 Yamamoto said. 鈥淚f I was going to the ninth inning or not, we didn鈥檛 really talk about it.鈥
In his previous start, he pitched a three-hit complete game in a 5-1 victory over the Milwaukee Brewers in Game 2 of the National League Championship Series on Oct. 14. He was the first Dodger to throw a postseason complete game since Jose Lima in 2004.
Orel Hershiser was the last Dodger with consecutive postseason complete games in Game 7 of the 1988 NLCS and Games 2 and 5 in the 1988 World Series.
鈥淪econd complete game in a row in the postseason, that鈥檚 pretty impressive, with a layoff in between,鈥 Blue Jays manager John Schneider said. 鈥淚 think he made it hard for us to make him work. He was in the zone, his split was in and out of the zone. It was a really good performance by him.鈥
Los Angeles opened the scoring in the first inning against Kevin Gausman (2-2). Freddie Freeman ripped a two-out double into the right field corner and scored on Smith鈥檚 single to center.
The Blue Jays threatened in the bottom of the inning when George Springer led off with a double and Nathan Lukes singled. Yamamoto escaped the jam with two strikeouts and a lineout.
Toronto tied it in the third. Springer was hit by a pitch to open the inning. He took third on Vladimir Guerrero Jr.鈥檚 one-out single to deep left and scored on Alejandro Kirk鈥檚 sacrifice fly to center.
Game 2 then settled into a pitchers鈥 duel.
鈥淎fter that first inning, I was thinking six (innings),鈥 Dodgers manager Dave Roberts said. 鈥淚 felt he would find a way to get through six. ...Then the pitch count kind of stayed where it needed to stay. And then for me, I just didn鈥檛 see anything fall off as far as his delivery and the execution.鈥
Gausman retired 17 in a row until Smith smashed a 3-2 fastball to left with one out in the seventh for his first home run of the postseason. With two outs, Muncy hit his second homer of the postseason, a blast to left on a 2-2 fastball.
鈥淗uge relief,鈥 Roberts said. 鈥淕ausman was throwing really well. We were in between, I thought, offensively with the fastball. When Will got into that 3-2 count, just missed a 3-1 heater, and then they went to the well again and hit a homer, and there was just complete elation.
鈥淲e felt that the way Yamamoto was throwing, runs were certainly going to be hard to come by. And then when Max backed it up with another homer, just huge relief.鈥
Louis Varland replaced Gausman, who allowed three runs, four hits and no walks while striking out six in 6 2/3 innings.
Varland gave up one-out singles to Andy Pages and Shohei Ohtani in the eighth. Mookie Betts walked to load the bases and Jeff Hoffman took over from Varland. Hoffman鈥檚 wild pitch scored Pages. Freeman was intentionally walked to load the bases again. Toronto could not complete the double play on Smith鈥檚 fielder鈥檚-choice grounder to shortstop and another run scored.
Yamamoto took over the rest of the way.
鈥淚t鈥檚 the first time we have seen him, so you get some feedback and hopefully make some adjustments,鈥 Schneider said. 鈥淏ut, really, I think right now, you鈥檙e worried about Glasnow (in) Game 3. But I think we do a really good job of making adjustments as we see guys. Again, man, that was a great performance by him.鈥


In southern Pakistan, wrestlers grapple for glory in fading centuries-old 鈥榤alakhra鈥 sport

In southern Pakistan, wrestlers grapple for glory in fading centuries-old 鈥榤alakhra鈥 sport
Updated 26 October 2025

In southern Pakistan, wrestlers grapple for glory in fading centuries-old 鈥榤alakhra鈥 sport

In southern Pakistan, wrestlers grapple for glory in fading centuries-old 鈥榤alakhra鈥 sport
  • A traditional form of wrestling, malakhra is said to date back 5,000 years to the Indus Valley Civilization
  • Wrestlers say the traditional sport of Sindh suffers neglect and fear injuries on unspecialized grounds

KARACHI: Two wrestlers strain and pull under the harsh glare of the sun, their feet digging into the dusty earth of the football ground. They grunt and twist, trying to unsettle the other and claim victory as hundreds watch with eager anticipation around them.

Scenes like this are typical at a malakhra contest, an ancient and traditional form of wrestling popular in Pakistan鈥檚 southern Sindh province. A malakhra showdown begins with both wrestlers, or 鈥減ehlwans鈥 as they are known in Urdu, securing a twisted cloth known as a lungi around their opponent鈥檚 waist.

The wrestlers use the cloth to throw their opponent to the ground through strength and technique. The wrestler who falls to the ground loses the contest.

The traditional sport is believed to have originated in the ancient city of Mohenjo-Daro thousands of years ago. However, in a country where cricket dominates national passion, wrestlers often complain that malakhra receives little attention.

鈥淭his is the only game that has no stadiums, no academies,鈥 Ghulam Nabi Sheedi, a former wrestler and general secretary of the Sindh Malakhra Association, told Arab News on the sidelines of a three-day tournament in Karachi this week.

鈥淚 want to say with regret that our game receives very little support from the government.鈥

Wrestlers compete in a 'Sindhi Malakhra' wrestling match, an ancient form of wrestling that originated in Pakistan's Sindh region, during a local tournament in Karachi on October 21, 2025. (AFP)

The tournament, held at Karachi鈥檚 Syed Mehmood Shah Bukhari football ground in the city鈥檚 Chanesar Goth area, featured 25 wrestlers, this year. The event is held annually to mark the death anniversary of a revered local saint, Syed Mehmood Shah.

The contests attract hundreds of people every year, a reflection of the sport鈥檚 popularity.

However, little government support means malakhra doesn鈥檛 have any dedicated facilities and is often held at unspecialized venues such as football grounds.

Khuda Bux Sheedi, another wrestler known by his ring name 鈥淩epeater Sheedi,鈥 defeated top contender Rashid Ali Khatian to qualify for the next round of contests.
He echoed the same frustration.

鈥淲hen you broadcast malakhra, the whole world watches,鈥 he said. 鈥淏ut from the government side, we receive no recognition.鈥

鈥榃E HAVE PASSION, SO WE PLAY鈥

For participants and organizers, malakhra represents a connection to a deep historical legacy.

Behram Khasakheli, president of the Karachi Division Malakhra Association, says the sport dates back to Mohenjo-Daro, the center of the Indus Valley Civilization.

鈥淚t is not from today. It is a 5,000-year-old sport,鈥 he said, adding that historical signs of wrestlers playing in a similar style can still be found at the ancient site.

Khasakheli recalled a time when malakhra brought prestige to the nation.

鈥淏akr Sheedi and Sher Mir Bar, let me remind you, competed against Indian wrestlers and the Indian wrestlers lost,鈥 he said, mentioning the names of former Pakistani malakhra greats.

Today, with a lack of proper facilities at their disposal, wrestlers mostly compete on unsuitable grounds.

鈥淭here should be a little softer soil,鈥 Ghulam Nabi Sheedi explained. 鈥淪omeone could get injured, even die. But we have passion, so we play.鈥

Sarfaraz Moosa, another wrestler whose family has practiced malakhra for five generations, is all too familiar with the physical risks associated with the sport.

鈥淚t鈥檚 malakhra. Sometimes your foot goes, sometimes your leg,鈥 he said. 鈥淲e come with prayers. We leave home with prayers.鈥

Speaking to Arab News, Sadia Javed, the Sindh administration鈥檚 spokesperson, said the province fully supported malakhra.

鈥淭here is an endowment fund in place through which the sports department supports these wrestlers just as it supports other sportspersons,鈥 she said. 鈥淚n addition, when it comes to organizing events, the Sindh government facilitates and hosts malakhra competitions.鈥

Javed said the provincial administration also helps educated wrestlers secure jobs in various public departments, helping them earn a livelihood and support their families.

鈥淪o, to say that the Sindh government does not support malakhra would be incorrect,鈥 she added. 鈥淗owever, since it is an old, traditional game, it doesn鈥檛 receive the same level of marketing or media attention as modern sports.鈥