Saudi Investment Fund Withdraws Support For Live Golf
Saudi Arabia will withdraw its multi-billion dollar backing of the Live Golf series at the end of this season. Previously, PIF leaders stated they measured returns in decades without immediate profit requirements. Projections for the golfing sector involved in these discussions are estimated at a minimum of $5 billion, with some reaching $7 billion to $8 billion. The shift in approach is being driven by the economic pressures of the conflict. The league was established in 2022 to compete with the PGA Tour. Brodie Miller of The Athletic provided details on the shift in funding. LIV Golf, the Saudi-backed professional men's golf league, has lost investment from the Saudi Public Investment Fund. The LIV Golf league is transitioning to attract new private investment after the Saudi Arabian Public Investment Fund (PIF) announced its withdrawal from funding the league beyond 2026.
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Sources · 7 independent
“the BBC has been told this morning that Saudi Arabia will withdraw its multi-billion dollar backing of live golf at the end of this season, plunging the future of the series into further doubt.”
“Saudi Arabia's sovereign wealth fund will stop financing live golf at the end of 2026 season, throwing the future of the breakaway tour into serious doubt.”
“Saudi Arabia stopping funding to live golf at the end of the season. They're going to withdraw their multi-billion dollar backing of that live breakaway golf series which plunges the future of golf in doubt.”
“Saudi Arabia stopping funding to live golf at the end of the season. They're going to withdraw their multi-billion dollar backing of that live breakaway golf series”
“There's also a story there about Saudi Arabia stopping funding to live golf at the end of the season. They're going to withdraw their multi-billion dollar backing of of that.”
“They're going to withdraw their multi-billion dollar backing of of that.”
“live breakaway golf series which plunges the future of golf in doubt.”
“They're going to withdraw their multi-billion dollar backing of that live breakaway golf series, which plunges the future of golf in doubt.”
“Saudi Arabia stopping funding to live golf at the end of the season. They're going to withdraw their multi-billion dollar backing of that live breakaway golf series”
“Saudi Arabia stopping funding to live golf at the end of the season.”
“There's also a story there about Saudi Arabia stopping funding to live golf at the end of the season and they're gonna withdraw their multi-billion dollar backing of that live.”
“Saudi Arabia stopping funding to live golf at the end of the season and they're gonna withdraw their multi-billion dollar backing of that live.”
“There's also a story there about Saudi Arabia stopping funding to live golf at the end of the season. They're going to withdraw their multi-billion dollar backing of that live breakaway golf series”
“They're going to withdraw their multi-billion dollar backing of that live breakaway golf series which plunges the future of golf in doubt.”
“season and they're gonna withdraw their multi-billion dollar backing of that live”
“Saudi Arabia bei 85 US-Dollar, Ölpreis erst wieder Break-even, die Emiratischen bei 55 Dollar. Der Rückzug der Emirate kostete die OPEC-Preissetzungsmacht, meint Johann Stanzel von der Konsostbank.”
“Der Rückzug der Emirate kostete die OPEC-Preissetzungsmacht, meint Johann Stanzel von der Konsostbank. Ergo könnten die Ölpreise etwas nachgeben.”
“Saudi Arabia's sovereign wealth fund will stop financing live golf at the end of the 2026 season, throwing the future of the breakaway tour into serious out.”
“the organisers of LivGolf are expected to confirm today that Saudi Arabia will withdraw its funding at the end of this year. The Saudi public investment fund has invested more than $5 billion in the past year.”
“The organisers of the Live Golf Tour are expected to confirm today that Saudi Arabia will withdraw its funding by the end of this year.”
“The organisers of the Live Golf Tour are expected to confirm today that Saudi Arabia will withdraw its funding by the end of this year.”
“Saudi Arabia will withdraw its funding by the end of this year.”
“The Saudi Public Investment Fund has invested more than $5 billion into the Live Men's Professional Series, which was set up as a rival to the PGA Tour. Human rights groups have accused Saudi Arabia of sports washing.”
“The organisers of the Live Golf Tour are expected to confirm today that Saudi Arabia will withdraw its funding by the end of this year.”
“The Saudi Public Investment Fund has invested more than five billion dollars into the Live Men's Professional Series, which was set up as a rival to the PGA Tour.”
“LIV Golf: Saudi Arabia to withdraw funding at end of season Al-Rumayyan co-founded LIV in 2021 and was the tour’s most powerful figure.”
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