LIV Golf faces funding cut as Saudi Public Investment Fund pulls out
PGA Tour play-by-play announcer Doug Bell discusses reports that Saudi Arabia's Public Investment Fund will stop funding the LIV Golf league after this season. LIV Golf has reportedly lost billions since its 2021 inception.
PGA Tour announcer Doug Bell discusses reports that the Saudi Public Investment Fund will cease funding the LIV Golf league after the current season, jeopardizing its future. LIV Golf has incurred reported losses between $6 and $9 billion since its 2021 launch, surprising many agents and players. This significant financial shift underscores a broader reevaluation of investment priorities by Saudi Arabia.
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