Sport Business

LIV Golf shutdown rumors

LIV Golf shutdown rumors

The Financial Times had previously reported that the PIF was on the verge of cutting its funding, which is estimated to have reached nearly £4 billion.

Despite the rumors, top stars like Jon Rahm and Bryson DeChambeau have expressed calm regarding their futures with the tour.

O'Neil admitted that finances are being 'managed tightly' and that structural changes are coming, but he remains adamant that the league will not fold.

The uncertainty has prompted renewed talk of a potential merger or reunion with the PGA Tour.

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