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LIV Golf Faces Funding Crisis as Saudi Backers Plan Exit by Season's End

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LIV Golf is reportedly set to announce the withdrawal of funding from its Saudi backers, the Public Investment Fund (PIF), by Thursday, marking a potential turning point for the league. Launched in 2022 with a $400 million investment, LIV aimed to challenge the PGA Tour but now faces uncertainty amid economic pressures from the ongoing U.S.-Iran conflict affecting Saudi oil markets. Despite claims of increased revenue and sponsorship growth, the loss of funding could threaten LIV's operations. The next tournament is scheduled for May 7 at Trump National Golf Club in Washington, D.C.

Key Details: • LIV Golf will inform players and staff about funding withdrawal by Thursday. • Next event scheduled for May 7 at Trump National Golf Club, Washington, D.C. • LIV Golf has reported a 129% increase in ticket sales year-over-year.

sports golf liv-golf pga-tour saudi-arabia

People & Organizations

New OrleansLIV GolfMohammed bin SalmanPublic Investment FundScott O'NeilTrump National Golf Club

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