LIV Golf Makes New Announcement Amid Growing Rumors
LIV Golf announced it is seeking new financial partners after losing funding from the Saudi Public Investment Fund, signaling a shift to a multi-partner investment model. The organization did not explicitly name the PIF or its chairman Yasir Al-Rumayyan, whose reported resignation coincided with the funding withdrawal. The move follows growing speculation and outreach by player representatives to the PGA Tour regarding potential returns.
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By Andrew McCartyShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.LIV Golf released a new statement on Thursday morning confirming the league lost the backing of the Saudi Public Investment Fund, which pulled funding this week.Earlier Wednesday, The Wall Street Journal reported that LIV is expected to tell its players by Thursday that PIF's funding will stop at season's end.
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