Canada uses new sovereign wealth fund to buy Saudi Arabian soccer team

OTTAWA — Prime Minister Mark Carney has announced that the first use of Canada’s new sovereign wealth fund will be to purchase a Saudi Arabian soccer team and festoon it with Canadian branding. “While much of the fund will be used to bribe corrupt American officials, it’s also important to improve Canada’s reputation abroad,” Prime […] The post Canada uses new sovereign wealth fund to buy Saudi Arabian soccer team appeared first on The Beaverton.