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News Wire / sports

Saudi Public Investment Fund To Stop Financing LIV Golf

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LiveGolf plans to inform staff and players that the Saudi Public Investment Fund will no longer bankroll the circuit beyond this summer. Founded in 2022, the league spent billions of dollars to attract top players, including two-time major winner Bryson DeChambeau. LiveGolf is reportedly evaluating strategic alternatives to continue operating following the funding withdrawal. A collapse of the league could jeopardize the careers and earnings of its star players. LiveGolf has not yet commented on the reports. The league has hosted tournaments in Hong Kong since 2024, with a fourth event planned for February next year in Fanling. The withdrawal could have repercussions for Hong Kong. The league, founded in 2022, will inform staff and players of the decision to end funding by the end of 2020 according to US media reports.

Topics

LiveGolf Saudi Public Investment Fund professional golf

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Sources · 7 independent

RTHK Radio 3 HK

“LiveGolf plans to inform staff and players that the Saudi Public Investment Fund will no longer bankroll the circuit beyond this summer.”

RTHK Radio 3 HK

“Saudi Arabia's sovereign wealth fund will Saudi Public Investment Fund will no longer bankroll the circuit beyond this summer.”

RTHK Radio 3 HK

“Saudi Public Investment Fund will no longer bankroll the circuit beyond this summer. The league, which spent billions of dollars to lure many of the world's top players, will evaluate strategic alternatives to continue operating, CNBC reported.”

RTHK Radio 3 HK

“Liv Golf, which holds the tournament in Hong Kong, has yet to comment. Founded in 2022, Liv Golf plans to inform staff and players that the Saudi Public Investment Fund will no longer bankroll the circuit beyond this summer.”

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