sports
LIV Golf meeting in New York fuels speculation over rebel tour’s future
The future of LIV Golf is in doubt, with Saudi Arabia’s Public Investment Fund preparing to cut funding for the $5bn rebel tour.
TL;DR
- Saudi Arabia's Public Investment Fund (PIF) is reportedly preparing to cut funding for LIV Golf.
- LIV executives attended a meeting in New York, increasing speculation about the tour's future.
- Rumors of LIV Golf potentially shutting down have circulated on social media.
- PIF's new economic strategy focuses on sustainable domestic investment, with no mention of sport.
- PIF has spent over $5 billion on LIV Golf since its launch in 2021.
- Some prominent golfers have returned to the PGA Tour, and others are reportedly hesitant to sign new deals.
- PIF is shifting its sports budget towards football and esports, and ending its partnership with the Women's Tennis Association.
- LIV players and officials state they have not received any official updates regarding the tour's future.