LIV Golf facing imminent closure as Saudi backers weigh pulling funding
When LIV Golf launched in 2022, it divided the entire sport into two camps. Backed by Saudi Arabia’s sovereign-wealth fund, the rival circuit lured in a collection of stars from the PGA Tour by committing billions of dollars and plunged the sleepy business of men’s professional golf into civil war. Now, after years of hemorrhaging money and struggling to find a meaningful television audience in the U.S., LIV is facing the possibility of imminent closure with Saudi Arabia’s Public Investment Fund on the verge of pulling its backing for LIV, according to a person familiar with the matter. As PIF…
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