Saudi Arabia’s Public Investment Fund has reduced its stake in Japanese gaming company Nintendo. According to a Japanese regulatory filing, the firm cut its stake in Nintendo by 1.04% from 8.58% to 7.

The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, has acquired a 40 percent stake in British luxury department store

But according to a new report from Sports Business Journal, the Saudi-based league is working behind the scenes to find a replacement for Norman as CEO, even though the two-time British Open champ could be retained in senior leadership.

Sources close to LIV Golf’s Saudi Arabia’s Public Investment Fund, which backs LIV financially, has contracted London-based Odgers Berndtson for the search to find a replacement for the CEO role which Greg Norman currently holds.

Greg Norman may soon be on the way out as the LIV Golf CEO. The Saudi-owned LIV Golf is reportedly conducting a search for a new CEO, according to a report from Sports Business Journal. Norman currently is employed as CEO of LIV Golf's parent company and the commissioner to the LIV Golf League.

With the news of the Public Investment Fund looking to replace Greg Norman, Big 12 Commissioner Brett Yormark is a name that has circulated to be a replacement for the Australian

Greg Norman could reportedly be set for a new role with LIV Golf as the Saudi-backed rebel league eyes a new CEO amid PGA Tour merger talks.