RIYADH- LIV Golf says it is not losing its Saudi-backed funding, despite growing rumours that the league could be in financial trouble. Reports suggested that Saudi Arabia’s Public Investment Fund (PIF), which has invested heavily in the breakaway golf tour, might be preparing to withdraw support, raising concerns about the future of the competition.
However, LIV Golf CEO Scott O’Neil has dismissed these claims, telling staff and players that the funding remains intact. He also confirmed that the tour is planning structural changes that could “surprise some people,” as it works to address ongoing speculation and stabilize its operations.
Comments