LIV Golf Cuts Most Staff as It Promises a Lean 2.0 Revival
LIV Golf informed the majority of its U.S. and U.K. employees that their jobs will end in early September as funding from Saudi Arabia’s PIF ends and the tour pivots to a leaner “LIV 2.0” plan. The company filed a WARN notice, aims for roughly 10 events per year, and targets profitability within three years, while pursuing new funding—about $250–$350 million—with a term sheet tied to a backer identified by reports as BC Partners’ credit arm—to keep LIV operating beyond 2026.
52 minutes ago•Source: Sportico.com
