SAUDI's INFLUENCE ON U.S. 2024 Elections by Yusuf Azizullah GBAC & Boardroomeducation.com CEO
It reminds Me of the Japanese Buying America in the ’80s
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SAUDI’s Mission To Grow Influence In Western World Sports!
In a surprising power play move, attention to golf lovers and business tycoons! The PGA Tour and LIV Golf are joining forces in a merger shaking up the professional golf world! Sponsored by Saudi Arabia, this move marks their latest investment in American industries beyond just the sports arena - from Hollywood to Silicon Valley. And it's not just golf - they also recently bought Newcastle United and Formula One motor racing events. The Saudis are on a mission to take over the world of sports, and they're not slowing down anytime soon. Be a part of history in the making - stay tuned for more!
Orchestrated by the man behind the scenes
Meet Yasir al-Rumayyan, Harvard-educated, leading the Public Investment Fund (P.I.F.) He's also the Chairman of Saudi Aramco - the national oil company of Saudi Arabia. He has become a household in American Corporate Boardrooms, appearing on CNBC announcing the merger.
This is just the beginning, not the end!
They have horse racing, tennis, and global football (US Soccer). Saudi is trying to host the 2030 FIFA world cup and other international events. The deal reflects the growing influence and ambition of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), which has a portfolio of over $700 billion in money available for investments.
BOARDS BE MINDFUL NEXT 24 MONTHS?
The union of LIV Golf and the PGA Tour is set to create a powerhouse that will affect everything from global tours and events to formats, rules, and regulations. And this move sets a precedent for other sports that may face similar opportunities or challenges from ventures backed by Saudi Arabia.
U.S. Presidential Election is in less than 20 months so boards be mindful of growing geopolitical risks and Saudi influence on American Sports
Board members take note: keep an eye on how this historic deal could impact your interests and strategies in the sports realm.
Both major political parties in the U.S., Democrats, and Republicans, will exploit this move according to their party’s agendas,
Depending on the U.S. State, industry, and either in favor or against how Saudi influence will shape their given agendas.
Republicans seem to gain more as they have had better relations with the Saudis than President Biden’s Administration with Crown Prince Mohammed Bin Salman.
Senator Lindsey Graham visited Saudi Crown Prince in April 2023 and had a very productive meeting
Corporates and boardrooms must monitor political sentiment and public perception of Saudis. keep sponsoring
WHY SPORTS, NOT SCIENTISTS?
According to Pew Research, Only 17% of Americans closely follow science news, while 28% follow sports news. Moreover, only 13% trust scientists to act in the public's best interest compared to 20% who trust professional athletes. Shocking survey results reveal Americans prioritize sports over science and trust the sports world more than the scientific community. Stay informed and learn why this matters.
It Reminds Me of the Japanese Buying America in the ’80s
The Saudis are trying to uptick themselves in the G20, transitioning to a global financial hub like NY, London, and Singapore. and now Saudi Astronauts have reached Space as the last frontier
Comparing the Saudi purchase of US golf to the Japanese acquisition of American assets in the 80s reveals similarities and differences. In both cases, a foreign country with a strong currency invested in US assets, sparking backlash from those wary of cultural and economic sovereignty. However, the Japanese buying spree was driven by private corporations, while the Saudi buying spree was motivated by the state-owned PIF's efforts to diversify its economy. A multilateral agreement influenced the Japanese acquisition, whereas the Saudi purchase stemmed from a unilateral decision to boost Japan's economy. Legal and regulatory obstacles hindered the Japanese acquisition, whereas the Saudi purchase has successfully navigated these challenges through a deal with the PGA Tour.
Reach Me
For a Confidential Collaboration Boardroom Presentation on Saudi MENA Growing Influences at Ya@globalboardadvisors.com or US 1) 571-277-0642