Saudi Sovereign Wealth Fund Governor and R&A CEO Hold 'Top-Secret Meeting'
Meeting at Liverpool Golf Club on the Final Day of The Open
Future Investment in Focus... Accompanied by Newcastle Co-Club Owner
It was recently revealed that the Governor of Saudi Arabia's Public Investment Fund (PIF) and the Chief Executive Officer of the Royal & Ancient Golf Club of St Andrews (R&A) held a secret meeting.
On the 25th (local time), the UK Telegraph and the US Golfweek reported, "Yasir Al-Rumayyan, Governor of PIF who founded and funded LIV Golf, met with Martin Slumbers, CEO of the R&A." The meeting took place at the Royal Liverpool Golf Club in the UK, where the final round of the 151st Open Championship (the oldest major tournament, with a total prize fund of $16.5 million) was held on the 24th. The meeting attracted significant attention as it occurred shortly after CEO Slumbers stated that "the R&A is also open to receiving investment from Saudi Arabia."
Yasir Al-Rumayyan, Chairman of PIF and founder of LIV Golf (photo), is reported to have held a secret meeting with Martin Slumbers, CEO of R&A.
View original imageAt an official press conference held one day before the start of the Open, CEO Slumbers was asked if the R&A was willing to accept investment from Saudi Arabia. He replied, "We are open to discussions with all potential investors." Although he had shown a very negative attitude toward LIV Golf, which was funded by Saudi Arabian money last year, it is expected that he will yield to the enormous financial power of PIF, a major investor in football, golf, and F1.
Hot Picks Today
!["It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]](https://cwcontent.asiae.co.kr/asiaresize/93/2026052019230771274_1779272587.jpg)
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The person accompanying Governor Al-Rumayyan during his meeting with CEO Slumbers also drew attention. It was Amanda Staveley, co-owner of Newcastle United, an English Premier League football club. PIF owns 80% of Newcastle United’s shares, and Staveley holds about 10%. Co-owner Staveley was deeply involved in the PGA Tour’s sudden decision to cooperate with PIF, including the merger with LIV Golf.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
