• Loading stock data...
Wednesday, September 17, 2025

Saudi Arabia Wants To Host the Olympics

  • Saudi Arabia would like to host the Olympics, calling it an “ultimate goal.”
  • The country sees the 2034 Asian Games as a potential precursor to the Olympics.
Saudi-Arabia
Rob Schumacher-USA TODAY Sports

Qatar is hosting the World Cup this November, but its much larger neighbor would like to take on the only global sporting event of comparable size.

Saudi Arabia wants to host the Olympics, calling it the “ultimate goal” of its sports strategy.

The country has leaned into sports as part of its efforts to diversify its economy beyond oil, though some have charged that the efforts are an attempt to “sportswash” Saudi Arabia’s checkered human rights record.

LIV Lawsuit

LIV Golf-PGA Tour Antitrust Trial Won’t Begin Until 2024

Antitrust lawsuit by 11 players won’t go to trial until January 2024.
August 18, 2022

Beijing spent a reported $8.8 billion on the 2022 Winter Olympics. Germany has also shown interest in hosting the Games.

Sports Portfolio

Saudi Arabia has attracted attention as the backer of LIV Golf, which has lured golfers with paychecks often in excess of $100 million, but its sports and gaming portfolio has become quite extensive.

  • The country’s Public Investment Fund owns a controlling stake in Premier League team Newcastle United.
  • Saudi Arabia hosted its first Formula 1 Grand Prix last year.
  • The country is hosting next year’s World Combat Games, plus the 2034 Asian Games, which Prince Abdulaziz bin Turki Al-Faisal said could be a precursor to the Olympics.

On Monday, Saudi Arabia became the first nation to approve Microsoft’s $68.7 billion acquisition of Activision Blizzard. The PIF holds a $2.9 billion stake in Activision Blizzard.

The fund also holds massive stakes in video game giants Nintendo, Electronic Arts, and Take-Two Interactive.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 13, 2025; Tuscaloosa, Alabama, USA; Alabama Crimson Tide running back AK Dear (0) tries to outrun Wisconsin Badgers cornerback Ricardo Hallman (2) during the second half at Saban Field at Bryant-Denny Stadium.

Despite Vote Delay, SCORE Act Negotiations Continue on Capitol Hill

Political ad campaigns during college football Saturdays continue as well.
Premier Lacrosse League

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.

Featured Today

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.
Sep 7, 2025; Orchard Park, New York, USA; Buffalo Bills fans react during the fourth quarter against the Baltimore Ravens at Highmark Stadium.
September 9, 2025

As Bills Ascend, Their Next Frontier Lies in Canada

Buffalo and the powerful Canadian entity MLSE come together in a new pact.
opinion
September 9, 2025

The Good, The Bad, and The Ugly from NFL’s Week 1 Broadcasts

Many viewers decried the addition of ads to “NFL RedZone.”
Aug 23, 2025; Tampa, Florida, USA; Buffalo Bills quarterback Josh Allen (17) leads the team onto the field for warm ups before a game against the Tampa Bay Buccaneers at Raymond James Stadium.
September 7, 2025

Slow Burn: The NFL’s Private-Equity Era So Far

Three deals have been struck to date. But the league is bullish.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
January 13, 2025

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.
John John Florence (USA) surfs in men’s round two competition during the Tokyo 2020 Olympic Summer Games at Tsurigasaki Surfing Beach.
July 29, 2024

Olympic Surfers Won’t Get Their Full Paris Moment

‘We’re kind of separate off on our own little thing over here.’
Teahupo'o Tahiti Surfing
July 26, 2024

Olympic Surfing Crashes on Tahiti Like a Wave

For Teahupo‘o’s locals, the Olympics are a mixed blessing.