Is this the end for LIV? Where does Saudi withdrawal leave golf and the players?
Summary
Saudi Arabia’s Public Investment Fund (PIF) is stopping its financial support for the LIV Golf tour, which has raised questions about the tour’s future and the players involved. LIV Golf has depended on Saudi money since 2021, and without it, the tour might not continue in its current form past 2026, affecting many well-known and emerging golfers.Key Facts
- LIV Golf has had 14 events per year, each offering about $30 million in prize money.
- The tour has received over $5 billion from Saudi Arabia’s Public Investment Fund since 2021.
- LIV Golf’s financial situation has been unsustainable without continuous Saudi funding.
- CEO Scott O’Neil may try to find other investors to keep LIV Golf going in some form.
- Many famous golfers like Bryson DeChambeau, Jon Rahm, and Dustin Johnson have played in LIV Golf.
- Some players prefer LIV over the PGA Tour for personal and professional reasons.
- The PGA Tour sees LIV’s financial troubles as a sign it has won its competition with LIV.
- Players returning to the PGA Tour may face tough conditions and possible resentment from other members.
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