Commissioner Adam Silver spoke last Thursday about his thinking on state investment into sports during an appearance on “The Dan Patrick Show,” when he was asked about the financial agreement between theand the Saudi Arabian-owned Public Investment Fund, which includes a merger of the Tour and the PIF-owned LIV Golf.
“I hear the comments about sportswashing. On the other hand, you’re talking about it, others are talking about it. … In the same way, the— the football World Cup, soccer World Cup — brought enormous attention to Qatar. I think people learn about these countries, learn about what’s happening in the world in ways they otherwise wouldn’t. So I think the media does its job.
Monumental Sports is run by Ted Leonsis, who has owned the Capitals since 1999 and the Wizards, and their shared arena, since 2010. Leonsis reportedly pushed for the NBA to let sovereign wealth funds buy stakes in its teams, according to Sportico.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: OilandEnergy - 🏆 34. / 68 Read more »
Source: BBCScienceNews - 🏆 87. / 53 Read more »
UK needs pension ‘superfunds’ to drive business investment, says think-tank\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Source: FT - 🏆 113. / 51 Read more »