The Saudi Sovereign Wealth Fund, Explained
Briefly

Behind the head-spinning news this week that the PGA Tour wants to merge with a rival, the upstart Saudi-backed league called LIV Golf, was an entity with billions to spend to make it happen: Saudi Arabia's sovereign wealth fund.Though the fund has long been a known presence in financial circles, the deal that stunned the golf world has turned a Klieg light on a business that has been described as one of the most opaque in the world.
Read at www.nytimes.com
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