LIV Golf has lead investor and planning ahead for another season
Summary
LIV Golf has reached an agreement with a new main investor to continue its golf league without Saudi Arabian funding. The league plans to move forward with players owning significant shares and aims to hold about 10 team events each year, both in the U.S. and internationally.Key Facts
- LIV Golf made a deal with a lead investor to replace Saudi funding.
- The identity of the lead investor was not revealed.
- Players will become major equity holders, meaning they will own a large part of the league.
- LIV Golf started in 2022, funded by Saudi Arabia’s Public Investment Fund.
- It attracted top golfers by offering large prizes and bonuses.
- Saudi funding is set to end after the 2026 season, causing uncertainty.
- The league plans 10 team events yearly, 5 in the U.S. and 5 abroad.
- LIV Golf wants to schedule events that allow players to also compete on other tours, like the European Tour.
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