LIV Golf seeking $350 million in funding after losing Saudi PIF backing, say sources
May 21 - LIV Golf is seeking up to $350 million in new investment and plans to shrink to a 10-event schedule while giving players equity stakes in a bid to survive the loss of its Saudi sovereign wealth fund backing after 2026, sources told Reuters on Thursday.
LIV Golf seeks $350M investment
- War dents Saudi's efforts to diversify economy Semafor —
- Player equity, fewer events at heart of LIV Golf plan for post-PIF future South China Morning Post —
- Power well placed as Koepka soars at Byron Nelson RTE —
- LIV Golf seeks to raise up to $350 million from investors as post-PIF reality sets in CNBC —
- Koepka leads Byron Nelson with Scheffler lurking in hometown event Associated Press —