LIV, Golf
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LIV Golf announced new board appointments and a renewed focus on securing long-term financial partnerships Thursday.
LIV Golf is pivoting its operations in a bid for survival. The breakaway golf tour announced a series of strategic plans on Thursday morning designed to offset the impending loss of the Saudi funding which has backed the tour since its inception.
Star names including Jon Rahm and Bryson DeChambeau face an uncertain future on the LIV tour, writes Iain Carter.
The news follows revelations that Saudi Arabia's PIF, governed by Yasir Al-Rumayyan, intends to discontinue funding for the golf league.
After absorbing billions in losses, PIF is pulling out of LIV Golf—leaving its star players to navigate a skeptical PGA Tour.
With Saudi Arabia's Public Investment Fund pulling its funding after the 2026 season, the LIV Golf League has established a new independent board as it attempts to survive as a "diversified, multi-partner investment model,
LIV Golf is reportedly on the brink of collapse after Saudi Arabia’s Public Investment Fund pulled funding for the breakaway tour. LIV threw the cat among the pigeons when it was announced in 2021, promising bumper contracts to the world’s best players.
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), have released a statement confirming their decision about the future funding for LIV Golf