FIFA took another Saudi Arabian investment Thursday for the U.S.-hosted Club World Cup, announcing a top-tier commercial deal with the kingdom’s sovereign wealth fund, which holds majority ownership of one of the 32 teams playing.

The partnership expands PIF’s global footprint in sports and reflects a shared commitment with FIFA to fuel growth and engagement in football FIFA Club World Cup 2025™ will make history, redefining club football and bringing 32 of the world’s best clubs together for the first time ZURICH & RIYADH,

Soccer's governing body FIFA and Saudi Arabia’s Public Investment Fund (PIF) announced a partnership on Wednesday for the Club World Cup, which kicks off in the U.S. on June 14. The partnership marks another major move by PIF to expand its global sports portfolio,