Rahm eligible for Ryder Cup after agreeing deal with DP World Tour
LONDON, May 5 : Spain's Jon Rahm will be eligible for Europe in next year's Ryder Cup after reaching an agreement to pay fines and play events on the DP World Tour this season.
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LONDON, May 5 : Spain's Jon Rahm will be eligible for Europe in next year's Ryder Cup after reaching an agreement to pay fines and play events on the DP World Tour this season.
PGA Tour announcer Doug Bell discusses reports that the Saudi Public Investment Fund will cease funding the LIV Golf league after the current season, jeopardizing its future. LIV Golf has incurred reported losses between $6 and $9 billion since its 2021 launch, surprising many agents and players. This significant financial shift underscores a broader reevaluation of investment priorities by Saudi Arabia.
With LIV Golf in search of new funding partnerships, the league announced that New York-based Ducera Partners LLC will serve as an investment banking advisor as it seeks financial stability moving forward.
Saudi Arabia's Public Investment Fund is withdrawing billions from LIV Golf at the end of the 2026 season, casting a shadow over the upstart golf league's future.
April 30 : Saudi Arabia's Public Investment Fund, which has spent more than $5 billion on LIV Golf since it launched in 2022, said on Thursday that investing in the league no longer fits with its investment strategy.
April 30 : LIV Golf moved quickly to establish a new direction on Thursday after confirmation that Saudi backing for the rebel circuit is set to end, announcing a new board and the search for new long-term financial partners.
Multiple representatives for LIV Golf players have started to reach out to the PGA Tour to explore what a path back would look like, a source told ESPN on Wednesday.
April 29 : LIV Golf is exploring a range of strategic opportunities to reposition its business now that Saudi Arabia's Public Investment Fund is pulling funding from the breakaway circuit after the 2026 season, sources close to the matter told Reuters on Wednesday.