LIV Golf Makes New Announcement Amid Growing Rumors
Summary
LIV Golf announced it no longer has financial support from the Saudi Public Investment Fund (PIF), which is ending its funding after this season. The league is now seeking new investors and some LIV Golf players have begun talks about returning to the PGA Tour.Key Facts
- LIV Golf lost funding from the Saudi Public Investment Fund this week.
- Yasir Al-Rumayyan, governor of PIF and LIV Golf’s chairman, is resigning from his role.
- LIV Golf announced new board members as it looks for multiple new investors.
- The league described itself as combining world-class golf with entertainment and culture.
- Some LIV Golf players and their representatives have reached out to the PGA Tour about returning.
- The PGA Tour created a "Returning Member Program" for former members who meet certain achievements.
- Players like Brooks Koepka and Patrick Reed have used or are using the PGA Tour’s return program.
- Top LIV Golf players like Bryson DeChambeau and Jon Rahm have chosen to stay with LIV Golf.
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