Trump spotted sitting with head of Saudi Arabia’s Public Investment Fund at UFC fight

President-elect Trump returned to Madison Square Garden for the UFC fight on Saturday night in a massive way, with Elon Musk, Kid Rock, RFK Jr., Tulsi Gabbard, House Speaker Mike Johnson and the fighting organization’s president, Dana White, in tow, while also being spotted sitting next to a major player from Saudi Arabia.In video circulating from the event, Trump was seen conversing with the head of Saudi Arabia’s Public Investment Fund (PIF), Yasir Al-Rumayyan, as Musk and others were talking and watching the fights.Trump’s transition team did not respond to Fox News Digital’s inquiry into the matter.The PIF is the sovereign wealth fund of Saudi Arabia, which is controlled by Crown Prince Mohammed bin Salman and governed by Al-Rumayyan. According to Reuters, the PIF was estimated to have about $925 billion in assets in July.ELON MUSK SAYS HIS ROLE IN TRUMP'S EFFICIENCY DEPARTMENT ‘IS GOING TO BE A REVOLUTION’Along with his involvement in the PIF, Al-Rumayyan chairs Saudi Aramco, the state-owned petroleum company, as well as the country’s largest mining company, Maaden. He is also the chairman of the English Premier’s Newcastle United Football Club.Last year, the PGA, DP World Tour and the PIF, which backs LIV Golf, announced a deal to "unify the game of golf, on a global basis." The announcement came nearly 15 months after LIV Golf unveiled its first series, and about a year after its first tournament.TRUMP TEAM REPORTEDLY LOOKING TO KILL BIDEN'S $7,500 EV TAX CREDITThe deal also signaled that a dispute between the PGA Tour, the European tour and LIV Golf would be ending.The PIF, which has been criticized in connection to human rights, will have investment exclusivity rights for the combined golf entity, something the three groups said included "a right of first refusal on any capital that may be invested in the new entity, including into the PGA TOUR, LIV Golf and DP World Tour." The new group will also get capital from the Saudi sovereign wealth fund.PGA TOUR AND LIV GOLF COMBINATION: THE PLAYERS, INVESTORS, MONEYOversight of "commercial operations, businesses and investments" at the new golf giant will fall to the board of directors whose full slate will be revealed "at a later date," the three entities said. The release indicated that a majority of its members will be picked by the PGA Tour, which will also get a majority voting interest.GET FOX BUSINESS ON THE GO BY CLICKING HEREIn the new entity, PGA Tour Commissioner Jay Monahan will serve as the CEO while Al-Rumayyan will take on the chairman position. Those two will also sit on the board’s executive committee.Fox News Digital’s Aislinn Murphy contributed to this report.Weiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business