Saudi Arabia has already launched a hostile takeover of professional golf. It has invested billions of dollars in world soccer. Now it wants to own professional boxing, too.
An ambitious and expensive Saudi plan that would reshape the economics, structure and future of boxing is in the final stages of approval, according to two people with direct knowledge of the plan.
Saudi Arabia’s giant sovereign wealth vehicle, the Public Investment Fund, would finance the project. The fund is holding final negotiations about dispersing the initial investment — said to be as much as $2 billion —…
