
LIV Golf may soon announce a cut in funding from Saudi Arabia's sovereign wealth fund, with a decision expected as early as Thursday. This potential withdrawal could lead to the league's closure after significant financial losses over the past five years.
We have a new report to add to the growing pile of them over LIV Golf potentially shutting down: With a reported "emergency" meeting for LIV execs in New York City, there's also more from a new article by the Financial Times.
"Saudi Arabia's sovereign wealth fund is on the verge of cutting its support for LIV Golf," it reads. "An announcement on the future of the kingdom's involvement in LIV, which has racked up huge losses since being set up five years ago, could come as soon as Thursday."
That would be stunning and could lead to the league folding. Earlier in the day, there was a report that the war in Iran was a factor that could lead to a declaration of Force Majeure "to pull the plug."
It just seems more doom and gloom for the league as the day has gone on, although as Sergio Garcia said on Wednesday, he hasn't heard anything definitive.
This article originally appeared on For The Win: LIV Golf announcement over funding getting pulled by PIF is coming
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The funding cut is reportedly linked to LIV Golf's substantial financial losses and external factors such as the ongoing war in Iran.
An announcement regarding the future of Saudi Arabia's involvement in LIV Golf could come as soon as Thursday.


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