Saudi PIF To End Funding For LiveGolf
Saudi Arabia will no longer fund golf, and the WTA tennis finals are moving out of the country after this year. The kingdom has spent approximately $5 billion on these projects so far without seeing the expected returns. The shift indicates a reluctance to continue spending at previous levels. Scott O'Neill stated that beyond 2026, LIV Golf will face an imperative to source investment from sources other than Saudi Arabia. The future of the league currently feels uncertain due to this potential shift in funding. The report was cited by George Wallace during a news segment. Saudi backers will no longer bankroll the live golf circuit after the current season. The decision was reported by a general just moments ago. According to the Wall Street Journal, the fund will officially notify players and staff of this decision tomorrow.
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Sources · 7 independent
“But nevertheless, the Saudis, as you indicated, leave golf. They're not in their plans to fund that in the time ahead. We've seen players returning to the PGA who were losing enthusiasm. Also the WTA tennis finals are leaving Saudi Arabia after this year is going to be there for the last time this year before finding a new home. There was also an announcement which was tied into the snooker being cancelled, the World Nine Bowl Pool Chair.”
“本期时间8点55分 以上就是今天早前第一次训练的全部内容 主播杨敏 新语 代表兼制李鹏 主编刘云 导播刘淼 感谢您的收听 同时欢迎在总台多个新媒体平台 收听环球经线广播的节目或参与互动 下载央视新闻客户端 云京客户端”
“There's reports out there, widely reported that they may withdraw their financial support of the live golf tour to the tune of a $5 billion number.”
“speculation that the Saudi Arabia's public investment fund might pull out of a support for the live series in the future”
“As far as the speculation that the Saudi Arabia's public investment fund”
“there is a shift in strategy here from Saudi Arabia and that they were no longer willing to spend the kind of money that they have been doing on this golf project”
“beyond 2026 there will be an imperative for them to source investment from somewhere other than Saudi Arabia so the future for live does feel very uncertain”
“according to the Wall Street Journal, moments ago, the live golf has lost the funding of its Saudi backers after spending weeks on life support”
“live golf has lost the funding of its Saudi backers will no longer bankroll the circuit after this season”
“Saudi Arabia's public investment fund will no longer bankroll the circuit after this season. Now it looks to be official, according to the Wall Street Journal, that they will tell players and staff tomorrow.”
“the Saudi Republic Investment Fund is expected to inform all live golf personnel by tomorrow that it does plan to end the funding at the conclusion of this season”
“We learned today in the last couple of hours is done Saudi Arabia's public investment fund is pulling the plug no more money after the”
“LiveGolf will tell players and staff by Thursday that Saudi Arabia's public investment fund will end its funding for the tour at the end of the season.”
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