We Don’t Need $400 Million; Endeavour Severs Ties With Saudi
Last spring had reasons for a big celebration. Chief Executive Officer of Endeavor, the talent company, Ariel Emanuel had aided in throwing a grand Hollywood party for Mohammed bin Salman – crown prince of Saudi Arabia. The evening party had some big faces such as – Kobe Bryant previous N.B.A star, CEO of Disney Robert A. Iger, Jeff Bezos – the founder of Amazon etc. The party had been arranged to celebrate the occasion of Saudi Arabian government’s deal of investing $400 million in the firm of Emanuel. The agreement is directed towards the progress of Endeavour as well as utilizes Saudi Arabian economy to develop in fields like modeling, event managements, sports, production houses of TVs and movies.
However, there was a controversy regarding the sudden murder of Journalist Jamal Khashoggi back in October 2018. That incident had fuelled the conflict between Endeavour and government of Saudi, finally leading to a sort of breakup between the two. Trusted information sources have said that following this event, $400 million was given back by Endeavour to the government. This instance is indeed remarkable since a business firm has stopped an opportunity of development and progress with a wealthy nation to raise voice against the murder of a media individual.
Spokesperson from Public Investment Fund in Saudi Arabia who had been the chief face while making the investment denied to making any comments. In fact, Emanuel also refused to say anything. The crown prince had decided to put the investment amount into big farms so that the profits can help the country reduce their reliance on oil. During spring of 2018, the crown prince had come to United States for a tour where he met politicians, celebs and business tycoons. Several of them considered him a prospective business partner and central figure of developmental changes in the area of Middle East.