Saudi Press Agency/Handout via REUTERSMiddle Eastern money is reshaping global sports, with Saudi Arabia, Qatar, and the United Arab Emirates all investing heavily in athletes, teams, and leagues. The oil-rich Gulf nations have investments in basketball, soccer, boxing, golf, tennis, and more: Qatar hosted last year’s men’s soccer World Cup, Saudi Arabia will likely host the 2034 tournament. It’s making some people uncomfortable, with the nations’ repressive regimes and connections to political violence, but the money has been hard to resist. And it’s just the start: Analysts expect Middle Eastern money to continue to flow into sports. “To use a sports analogy, we’re not even midway through the first quarter,” one consultant told The Washington Post: The “megatrend… will crescendo probably in two decades or so.” |