Saudi Arabian Fund Invests in US Mixed Martial Arts League, PFL
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has acquired a minority stake in the Professional Fighters League (PFL) through its new company, SRJ Sports Investments. This marks the first investment for SRJ and is part of Saudi Arabia's push to attract major global events to the country. The PIF aims to promote gender equality in sports, nurture local and regional talent in martial arts, and bring new opportunities to Saudi Arabia and the wider MENA region. The value of the deal, reported to be $100 million, was not disclosed.