LIV Golf's future is uncertain after losing Saudi support. The venture upended professional golf with big spending.
Key facts
- •LIV Golf is preparing for a potential bankruptcy filing.
- •Saudi Arabia's Public Investment Fund has pulled its support for LIV Golf.
- •The venture has been known for its billion-dollar spending sprees and blockbuster player contracts.
LIV Golf is preparing for a potential bankruptcy filing after Saudi Arabia's Public Investment Fund pulled its support. This move casts doubt over the future of the venture.
Support Withdrawn
Saudi Arabia's Public Investment Fund has withdrawn its support for LIV Golf, leading to uncertainty about the venture's future. The fund's decision has significant implications for LIV Golf, which has been known for its billion-dollar spending sprees and blockbuster player contracts.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Markets.
