A week before the inaugural FIFA Club World Cup begins, Saudi Arbia’s Public Investment Fund (PIF) has signed on as an official partner of the month-long tournament that takes place at stadiums across the United States.

PIF, the kingdom’s sovereign wealth fund, makes this move partially in preparation for Saudi Arabia’s role as host of the 2034 World Cup.

“PIF is creating a legacy of transformative impact in sports including through its partnerships, delivering positive and lasting results at every level, from players and fans to host communities,” PIF head of corporate brand Mohammed Al-Sayyad said in a statement. “PIF is at the forefront of growing football around the world following our CONCACAF partnership announced last year and our continued investment in football. We are unlocking

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