LIV Golf Officially Loses Saudi Arabia Funding: Report
Summary
LIV Golf, a professional golf league, will lose funding from Saudi Arabia’s Public Investment Fund after this season. This change puts the future of LIV Golf in doubt, as it struggles to find new investors and recently postponed a tournament due to money problems.Key Facts
- LIV Golf is funded by Saudi Arabia’s Public Investment Fund, which plans to stop financing the league after this season.
- The league started in 2022 and aimed to compete with the PGA Tour.
- Many top golfers, including Sergio Garcia, Phil Mickelson, and Bryson DeChambeau, joined LIV Golf.
- The New Orleans tournament scheduled for June was postponed because of financial concerns.
- LIV Golf CEO Scott O’Neil previously assured staff that the 2026 season would continue as planned.
- LIV Golf is trying to find outside investors to continue but may not look like it does now.
- Yasir Al-Rumayyan, co-founder of LIV Golf, has stepped down as chairman.
- The loss of Saudi funding could end LIV Golf or force it to change significantly.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.