LIV Golf is said to be ‘on the verge’ of having its funding cut by the Saudi Arabian Public Investment Fund, the Financial Times reports.
It comes amid swirling rumors following well-connected reporter Ryan French’s post on X stating “a bombshell announcement on LIVs future is imminent.”
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“Local investment should be 80% and we aim for international investment to be 20%,” [down from a peak of 30%] PIF Governor Yasir Al-Rumayyan told Al Arabiya Business.
The golf tour is said to have received in excess of $5bn from the PIF, while its UK entity submitted losses of £1.1bn from 2021-2024 with losses over over £460m in 2024 alone.
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