Tennis is a potential sport for a rival league, due to being an individual sport with a smaller pool of stars to select from, making it easier for the Public Investment Fund (PIF) to attract players with lucrative offers. Some tennis stars such as Stefanos Tsitsipas have already participated in Saudi Arabia’s Diriyah Tennis Exhibition. The PIF’s interest in creating a rival league is likely what motivated the Women’s Tennis Association (WTA) to raise money from private equity firm CVC Capital. Furthermore, the PIF is also expected to invest in US sports teams, with some anticipating a change in the NFL’s institutional investor policy. The most efficient route for the PIF is to own a major sports series like the NFL, although it may prove challenging given the competition.
Former President Donald Trump has been indicted on several felony counts, including making false statements, conspiring to obstruct justice, and holding a defense secret. This adds to his list of legal troubles amidst leading early polls in the race for the 2024 Republican presidential nomination. In Silicon Valley, a venture capital firm has been split into three companies focusing on the US and Europe, China, and India and Southeast Asia. This decision highlights the difficulties for investors in operating in the world’s two largest economies amidst heightened tensions between the US and China.
CNN has experienced months of unrest among news network staff, declining viewership, and unflattering profiles of media executives in The Atlantic. As a result, CNN CEO Chris Licht has been fired.