For these new companies to accept outside money, it's important for all of us to really understand where that money is coming from. Sovereign wealth funds and government money from places like Saudi Arabia have been pouring into sports worldwide. and these groups are now circling College Sports. Next, Mr. Madden, if a Gulf sovereign fund takes a stake in a school's new athletic company or bank run bankrolls an nil operation, could it be earning returns on American college sports essentially tax free? (01:45–01:54)
CLAIM
Asserts that sovereign wealth funds and government money from Saudi Arabia are investing in sports globally.
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