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LIV Golf Funding in Jeopardy
LIV Golf faces a potential collapse as its Saudi backers pivot their financial focus toward the 2034 World Cup and other sports ventures.
Despite a defiant internal memo from CEO Scott O'Neil claiming the season will continue 'at full throttle,' rumors of an imminent shutdown have left players and staff in the dark.
The breakaway league has struggled with stagnant television ratings and a failure to secure major new signings since its controversial launch.
This financial uncertainty comes as Saudi Arabia's $1 trillion wealth fund seeks to increase the efficiency of its global portfolio amid mounting economic pressures.
LIV Golf
Professional golf tour
Professional golf tour
Public Investment Fund
Sovereign wealth fund owned by Saudi Arabia
Sovereign wealth fund owned by Saudi Arabia
Scott O'Neil
International sports executive
International sports executive
Saudi Arabia
Country in West Asia
Country in West Asia
Sergio García Fernández
Spanish professional golfer
Spanish professional golfer