LIV Golf seeking new investors as speculation continues over Saudi backing
LIV Golf is seeking new long-term investors amid speculation Saudi Arabia is set to end its financial backing of the breakaway circuit.
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LIV Golf is seeking new long-term investors amid speculation Saudi Arabia is set to end its financial backing of the breakaway circuit.
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.
NEWCASTLE, England, May 2 : There was relief for Newcastle United manager Eddie Howe in a week in which he met chairman Yasir Al-Rumayyan to discuss the club's future plans as they defeated Brighton & Hove Albion 3-1 in the Premier League at St James’ Park on Saturday.
With Saudi Arabia's Public Investment Fund pulling its funding after the 2026 season, the LIV Golf League has established a new independent board as it attempts to survive as a «diversified, multi-partner investment model,» the league announced Thursday.
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.
The boss of LIV Golf says the series is “funded through the season” and would then “work like crazy” to keep going amid speculation its Saudi backers could withdraw their financial support.
The future of the LIV Golf series has been the subject of speculation this week amid reports that the Saudi Public Investment Fund (PIF) is set to withdraw its financial backing.
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