Fifa, the Club World Cup and Saudi Arabia
Summary
Saudi Arabia's Public Investment Fund (PIF) is deeply involved in financing the Club World Cup. Their investment is notable as it includes both sponsorship and a purchase of a stake in the sports streaming platform DAZN. This has raised concerns about the impact of such investments on local leagues and the increasing power of Saudi Arabia in global football.Key Facts
- Saudi Arabia's Public Investment Fund is financially supporting the Club World Cup.
- The event has expanded from 7 teams to 32, and it has a prize pool of $1 billion.
- Real Madrid paid Liverpool about £8 million to release Trent Alexander-Arnold early for the tournament.
- DAZN, a sports streaming service, agreed to pay $1 billion for the tournament's broadcast rights.
- PIF recently bought a stake in DAZN worth $1 billion.
- PIF is also an official partner of the event, boosting its involvement in global football.
- The expanded tournament has led to legal complaints due to player workload concerns.
- Saudi Arabia will also host the 2034 World Cup, unopposed after Australia withdrew.
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