It seems that LIV Golf’s race is run, after reports surfaced that the Saudi Public Investment Fund is done funding their golf project.
This week’s event in Mexico City was thrown into serious doubt after rumors emerged that the league could collapse immediately. But for the time being, it’s business as usual.
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Jon Rahm, Bryson DeChambeau, and co are continuing to play on LIV while the storm clouds circle above their heads, and uncertainty grows on just how much longer they can continue to operate.
Photo by Richard Heathcote/Getty Images
When will the Saudi Public Investment Fund cut funding to LIV Golf
LIV Mexico is going ahead as scheduled, but what about future events? Should LIV Virginia prepare for a collapse on their doorstep? According to a report from Fox News, the tour is safe for the rest of the season.
Their report said, “The LIV Golf tour is in serious trouble tonight. The Saudis want out, eventually. Two sources who know the inner workings of the decision tell me the Saudis will fund LIV Golf events until the end of this season.
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“That means the contracts, the television deals, and the tournament venues remaining all will be funded.
“Other decisions about unwinding LIV or merging it with other tours will follow that. Sources tell me the Saudi’s funding will definitely come to an end at the end of this LIV season, citing a change of priorities.”
That at least gives staff and players until the end of 2026 to seek new employment. Let’s see if it takes that long for the superstars to jump ship.
How much the Saudis have spent on LIV Golf
With LIV Golf all but finished, it leaves behind a pile of wasted money. The PIF has been throwing money at this revenue black hole for four years, and it was all for nothing.
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Since its mid-2021 launch, the PIF has spent $5.3 billion on LIV Golf. That’s $3 million, every day, for the past 1,750 days. And for what?
The pockets of their golfers are exponentially fatter, and they enjoyed a few good years of rocking the boat. But beyond that, LIV’s legacy will merely be an afterthought in golf’s storied history. “Remember when?…”
It’s a crying shame that money that could have been put to good use has been wasted on this failed attempt to conquer the golfing world.
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