LIV Golf tees off Virginia US tour despite Saudi funding withdrawal
Updated
Updated · ms.now · May 7
LIV Golf tees off Virginia US tour despite Saudi funding withdrawal
11 articles · Updated · ms.now · May 7
The event begins Thursday at Trump National Golf Club near Washington, a week after Saudi Arabia's Public Investment Fund said it would stop backing the circuit.
The kingdom reportedly spent at least $5bn building LIV as a PGA Tour rival, but is now shifting to domestic priorities and retreating from sports investments.
The withdrawal has already led LIV to cancel its June New Orleans tournament, while some players explore returns to the PGA Tour after earlier suspensions.
Can LIV Golf's franchise model attract private investors to survive now that its Saudi funding is ending?
How will other PIF investments in the U.S. be affected by this major strategic shift away from LIV?
Is Saudi Arabia's exit from LIV Golf a strategic failure or a calculated pivot in its global influence game?