{"id":6300,"date":"2024-06-14T01:19:17","date_gmt":"2024-06-14T01:19:17","guid":{"rendered":"https:\/\/ksanewsroom.com\/saudi-arabias-next-billion-dollar-sports-play-a-boxing-takeover\/"},"modified":"2024-06-14T01:19:17","modified_gmt":"2024-06-14T01:19:17","slug":"saudi-arabias-next-billion-dollar-sports-play-a-boxing-takeover","status":"publish","type":"post","link":"https:\/\/ksanewsroom.com\/en\/saudi-arabias-next-billion-dollar-sports-play-a-boxing-takeover\/","title":{"rendered":"Saudi Arabia\u2019s Next Billion-Dollar Sports Play: A Boxing Takeover"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">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.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">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.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Saudi Arabia\u2019s giant sovereign wealth vehicle, the Public Investment Fund, would finance the project. The fund is holding final negotiations about dispersing the initial investment \u2014 said to be as much as $2 billion \u2014&#8230;<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2024\/06\/12\/world\/middleeast\/saudi-boxing-league.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123,10],"tags":[],"class_list":{"0":"post-6300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-sports","7":"category-sports-ar"},"_links":{"self":[{"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/posts\/6300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/comments?post=6300"}],"version-history":[{"count":0,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/posts\/6300\/revisions"}],"wp:attachment":[{"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/media?parent=6300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/categories?post=6300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/tags?post=6300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}