Why did Saudi Arabia pull its LIV Golf funding?
Summary
Saudi Arabia’s public investment fund will stop funding LIV Golf after this season. LIV Golf is now looking for new financial supporters to continue its operations.Key Facts
- LIV Golf is a professional golf league.
- The league has been funded by Saudi Arabia’s public investment fund.
- Saudi Arabia announced it will end its financial support after the current season.
- LIV Golf needs to find new investors to keep going.
- The reported news was discussed by Gabby Herzig, a sports writer at The Athletic.
- The announcement was covered on CBS News.
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