FIFA and Saudi Arabia's PIF Forge New Partnership for Expanded Club World Cup in the U.S.
Source: news.source.channelnewsasia
FIFA and Saudi Arabia's Public Investment Fund (PIF) have announced a strategic partnership for the upcoming Club World Cup, set to take place in the United States. This collaboration is part of PIF's broader strategy to expand its influence in global sports, following previous investments in football, golf, and motorsport. The tournament will feature 32 top clubs competing across 11 U.S. cities.
Key Points
FIFA and PIF have entered into a partnership for the Club World Cup.
The tournament will be held in the U.S., marking a significant expansion to include 32 teams across 11 cities.
This move is part of PIF's strategy to grow its global sports portfolio.
PIF has previously invested in various sports including football, golf, and motorsport.
