UPDATE 1-Golf-LIV Golf begins potential bankruptcy plans, Bloomberg News reports
Published on: May 20, 2026, 12:49 a.m. | Source: Devdiscourse
Saudi Arabia's Public Investment Fund, which has spent more than $5 billion on LIV Golf since it launched in 2022, said in April that investing in the league no longer fit with its investment strategy. The PIF's decision to cut LIV Golf's funding at the close of the 2026 season has left the breakaway circuit scrambling for new backers and raises questions about the future of its big-name players on lucrative contracts.
