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Transcripts for BBCNEWS Talking Business 20240604 16:35:00

Views about the country. its includes a trebling of executions in one year, including 81 people killed in a single day. the continued exploitation of migrant workers, discrimination against women and minority groups and of course, still no justice for the dissident journalistjamal khashoggi. and those worries are highlighted by the death of jamal khashoggi at the saudi consulate in istanbul, have led us senators and the us justice department to open investigations about competition, national security and the impact of sports washing. in a recent interview with our colleagues at cbs, the saudi sports minister denied that the money was being spent to shift attention from human rights concerns. it s not true, when you look at the benefits that we get out of sports and these events, all of these facts benefit the population in saudi arabia. and that s what that s why we re doing it. we also tried to interview the saudi government, but didn t receive ....

Journalistjamal Khashoggi , Migrant Workers , Saudi Arabia , Sports Washing , National Security , Us Justice Department , Jamal Khashoggi , Human Rights Concerns , Sports Minister , Asset Class Sports , Didn T ,

Transcripts for BBCNEWS Talking Business 20240604 16:42:00

Sovereign wealth fund, and other middle eastern countries, what they re pouring into sports. i m just wondering, george, what changes is all of this money causing? well, i think a couple of things. 0ne, sports as an asset class is becoming more embraced by investors around the world. what it means is sports or sports businesses or teams or federations or clubs could accelerate their growth. also, teams, federations, clubs are going to have to think defensively, what does it mean to have all this capital sloshing around? where do i have a potential blind spot or weakness? i think also, depending on what the investment is in, it really, it really can change the game on the pitch. and george, you know, the big deal at the moment is the gulf deal bringing together the us, pga, europe s dp world tour and of course the saudi backed liv golf. ....

Asset Class Sports , George Pyne , Sports Businesses , Asset Class , Blind Spot , Capital Sloshing , Saudi Arabia , Gulf Deal , Liv Golf , Dp World Tour ,

Transcripts for BBCNEWS Talking Business 20240604 16:40:00

And of course, we know saudi isn t the only middle eastern nation investing heavily in sports. i mean, that s also been the case with qatar, as we saw last year s world cup and also with the united arab emirates, the uae. i mean, i m wondering how these rivalries are influencing their investments in the sporting arena. so we had abu dhabi, then we had qatar, and now we ve got saudi arabia. the perfect storm potentially could be where they all begin to, to try and outcompete each other. you know, keeping in mind, for instance, that kuwait has the largest sovereign wealth fund in the entire middle east. but what we do see is this kind of copying behavior. you know, the gulf region in particular seems to be caught up in this cycle of copying at the moment. and, simon, let me end on this. basically, where is all of this heading? so this is absolutely an exercise in legitimacy on behalf of saudi arabia. and so what saudi arabia is looking for is the point at which, when people ....

Asset Class Sports , Middle East , World Cup , Saudi Isn T , Saudi Arabia , Abu Dhabi , Each Other , Sporting Arena , Simon Chadwick , Copying Behavior , Gulf Region ,