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Saudi Arabia has opted out of bidding for the 2035 Rugby World Cup as the kingdom’s Public Investment Fund (PIF) implements a new financial strategy. As reported by The Guardian, the nation has not submitted an expression of interest to World Rugby despite previous public statements of intent.
The decision marks a shift in the kingdom’s aggressive sports acquisition strategy. While sports minister Prince Abdulaziz bin Turki al-Faisal had confirmed interest in the tournament last year, the deadline for initial expressions of…