00:00I think it's part of a wider look at their strategy and vision
00:05People might be aware of course that the vision for the Kingdom was 2030
00:10And sport was a big part of that and the tourism aspect
00:13They invested heavily in a number of sports
00:16There's of course the football side of things and the Saudi Pro League
00:20There's their ownership of Newcastle United in the UK
00:23There's other sports, there's been Formula One
00:26There's been big boxing events, even the WWE have been in Saudi Arabia
00:30So they've went heavily on sport as an investment vehicle
00:34I still think they will continue to do that
00:38I think they will still see sport as part of that bigger vision for the Kingdom
00:41And obviously the Football World Cup is going to be there at some point
00:45In the not too distant future
00:47But we are seeing noises and suggestions that they are potentially
00:52Divesting in some of those sporting properties that they've put money into
00:58And they're looking for more sustainable operations
01:01And yeah, Live Golf is an organisation that's run up heavy losses in the last few years
01:07And has been subsidised by the PIF
01:10So I think it's part of a wider plan on where they see their strategy
01:16Kind of moving towards that 2030 vision for the Kingdom
01:19EVERYTHING
01:19Did you miss that?
01:19I wouldn't miss that
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