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The Independent UK
The Independent UK
Sport
Jamie Braidwood

LIV Golf issues defiant statement as Saudi Arabia withdraws funding

LIV Golf Golf Saudi Arabia PIF
  • LIV Golf announced it will seek “long-term financial partners” and transition to a “diversified, multi-partner investment model”.
  • This strategic shift follows reports that Saudi Arabia's Public Investment Fund (PIF) will cease its funding for the golf league at the end of the current season.
  • The PIF has invested over $5bn into LIV Golf since its inception in 2022, attracting top players with significant bonuses and prize money.
  • A newly established independent board, led by Gene Davis and Jon Zinman, will now guide the league through its next phase, focusing on securing new investment.
  • The future of star players and the league's operations are now dependent on successfully attracting new financial backing.

IN FULL

LIV Golf targets new investors after Saudi Arabia cuts funding

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