Saudi Arabia closes in on deal to create new biking league | Reuters Information Company


OffersSports activities

Reuters solely reported that Saudi Arabia-backed sports activities fund SRJ was in unique talks to again a brand new biking league, which Reuters additionally solely reported was within the works again in October.  The nation is concentrating on yet one more sport to upend within the wake of earlier investments in golf, soccer and Components One. The story was additionally picked up by ESPN. 

Market Influence

If profitable, the deal would mark Saudi Arabia’s first vital involvement in biking after pouring billions into different sports activities worldwide comparable to soccer, motorsports and martial arts. Sports activities is without doubt one of the pillars of the federal government’s Imaginative and prescient 2030 financial diversification plan.

Article Tags

Matters of Curiosity: OffersSports activities

Kind: Reuters Finest

Sectors: Sports activities

Areas: Center East

Nations: Saudi Arabia

Win Sorts: Exclusivity

Story Sorts: Unique / Scoop

Media Sorts: Textual content

Buyer Influence: Important Nationwide Story



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