Saudi Arabia To Stop Funding LIV Golf – Report
Saudi Arabia's Public Investment Fund (PIF) is reportedly ending its financial support for LIV Golf after the current season, prompting plans to find new investors and potentially scale back the tour's events. The move aligns with a broader shift in Saudi Arabia's investment strategy toward domestic priorities under its Vision 2030 plan. LIV Golf, which has been backed with over $5 billion since 2021, faces uncertainty despite increased revenue this season and prior merger talks with the PGA Tour that ultimately failed.
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Dustin Johnson at a LIV Golf event near Tulsa, OK Ian Maule/Getty Images The future of LIV Golf has been thrown in doubt after a report that Saudi Arabia‘s Public Investment Fund (PIF) will stop financing the tour. According to the BBC, the multi-billion dollar backing will be withdrawn at the end of current season, potentially posing issues for the likes of Fox Sports, which broadcasts and streams it in U.S., and TNT Sports in Europe. PIF will announce a “new strategic” plan in a bid to find new financiers for the golf tour, which features the likes of Jon Rahm, Phil Mickelson and Bryson DeChambeau. BBC Sport was told the series is “totally up for sale,” while separate reports suggest LIV Golf co-founder Yasir Al-Rumayyan is set to stop down from the board.
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