LAS VEGAS (AP) — Saudi Arabia's most recent venture into the global sports scene — purchasing a stake in the Professional Fighters League — is yet another example of the oil-rich kingdom using athletics to increase its influence. The purchase was relatively modest — $100 million according to the Financial Times — but even in a minority role, Saudi-backed SRJ Sports Investments ensured mixed-martial arts events will take place in that country. Though the financial figure likely won't scare the rival UFC, which is worth $12 billion, SRJ Investments has made clear this is just an initial investment.

https://www.mymotherlode.com/sports/top-sports-general-news/3225695/mixed-martial-arts-investment-latest-example-of-saudi-arabias-foray-into-global-sports.html

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