Saudi Arabia Withdraws Funding from LIV Golf Tour

The Saudi investment fund confirmed it is ceasing financial backing for LIV Golf, citing a shift in its investment strategy. 'The significant investment that LIV Golf requires over a longer period is no longer in line with the current phase of PIF's investment strategy,' stated a spokesperson.

LIV Golf launched in 2022 with substantial financial backing that lured top players away from PGA and European tours, resulting in bans and fines for those who switched. The league, known for its 54-hole format where all players start simultaneously, has been in ongoing conflict with traditional golf organizations since its inception. milkshake.it.com