Speculation on social media surrounding the immediate future of LIV golf has been circulating over the past few days. Reports claim that the Saudi-Arabian funded golf league backed primarily via the Public Investment Fund (PIF) of Saudi Arabia is considering substantially reducing its financial support of the 5-year-old-Tour.
Golf Channel’s Rex Hoggard shared a report from the Financial Times confirming problems including players and vendors not being paid – some for several weeks.
It appears LIV is obviously losing a lot of money finding it hard to breakeven. Reports say they have recently added another USD$260 million to keep things going. However, many avents are poorly attended and without successful tournaments such as Australia’s LIV Adelaide event, it’s appears to be bleeding money. Now it’s claimed the PIF is reconsidering its position.
READ THE REPORT ON SPORTS ILLUSTRATED by Maddison Williams HERE
Just like when LIV started poaching players like then World #1 Jon Rahm, Brooks Koepka, Bryson DeChambeau and Australia’s Cam Smith for ludicrous amounts of money, eyebrows were raised and we wondered what the future of world golf may look like. Well, the rumour mill is off and running and it would appear LIV golf is like a duck on water, looking ok on the surface but paddling like hell underneath.
We all wondered what LIV Golf would do to the PGA Tour and world golf, maybe we’re getting closer to an answer….Watch this space!
