Event Overview
Saudi Arabia's PIF to end funding of LIV Golf league after this season
Saudi Arabia’s Public Investment Fund is expected to end funding LIV Golf after this season, with a committee of independent directors set to evaluate LIV’s strategic alternatives. CNBC reports that the move follows PIF’s decision to pull funding, and states that LIV Golf will be informed by Thursday that funding will cease after the season. The Wall Street Journal’s reporting is echoed by Fox News and the New York Post, which frame the development as the end of PIF backing after years of investment, and note that LIV will communicate with players regarding the funding cessation.
Concrete downstream impact not stated in the supplied coverage.
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Saudi Arabia's Public Investment Fund pulling the plug on LIV Golf funding after four years: report
Tim Brando tells Dan Dakich why he thinks LIV never grabbed the attention of American golf fans Saudi Arabia's Public Investment Fund is pulling the plug on its LIV Golf funding. The Wall Street Journal reported Wednesday that, after weeks of speculation, LIV Golf will be telling its players by Thursday that the.
LIV Golf all but dead as Saudis pull funding after spending $6B on rebel tour
The rebel golf league plans to tell players and staff Thursday that Saudi Arabia’s Public Investment Fund is officially pulling its funding at the end of the season, according to The Wall Street Journal , ending weeks of speculation. The Saudis have reportedly spent nearly $6 billion on LIV Golf, allowing it to pull.
Saudi Arabia's PIF to end funding of LIV Golf league after this season
A committee of independent directors will evaluate strategic alternatives for LIV Golf after PIF pulls its funding, people familiar with the matter told CNBC.