LIV establishes new board in attempt to survive
Summary
LIV Golf League is creating a new independent board to help it continue operating after Saudi Arabia’s Public Investment Fund said it would stop funding the league after the 2026 season. The league aims to become supported by different investors instead of relying on just one source.Key Facts
- Saudi Arabia’s Public Investment Fund will stop funding LIV Golf after the 2026 season.
- LIV Golf has set up a new independent board.
- The board aims to guide the league toward a business model with several investors.
- This new model is called a “diversified, multi-partner investment model.”
- The league announced these changes on a Thursday.
- The goal is for LIV Golf to keep running despite losing its main financial backer.
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