Saudi Arabia's PIF in Talks to Form $5 Billion Boxing League

The Public Investment Fund aims to collaborate with major promoters to reshape the sport's competitive landscape.

Discussions involve major promoters like Matchroom Boxing and Golden Boy Promotions.
The proposed league could be valued between $4 billion and $5 billion.
Turki al-Sheikh, advisor to Crown Prince Mohammed bin Salman, is overseeing the final discussions.
The initiative is part of Saudi Arabia's Vision 2030 to diversify its economy.
Critics view this as another example of 'sportswashing' amid human rights concerns.