Sport Business Middle East

LIV Golf future in doubt

LIV Golf future in doubt

The potential withdrawal of funding comes amid a broader shift in Saudi Arabia's sporting portfolio and the ongoing economic impact of the Iran war.

Since its launch in 2022, the PIF has bankrolled the breakaway league to the tune of more than $5 billion.

Many of the game's top stars now face uncertain futures if the tour were to collapse.

The PGA Tour is reportedly monitoring the situation closely as it weighs its own strategy for the future of professional golf.

Public Investment Fund
Sovereign wealth fund owned by Saudi Arabia
LIV Golf
Professional golf tour
Scott O'Neil
International sports executive