Saudi-Backed LIV Golf’s $6 Billion Gamble Falls Short
TL;DR Summary
LIV Golf, funded by Saudi Arabia’s Public Investment Fund, plowed about $6 billion into a star-focused, 54-hole format with record prize money, but has racked up roughly $1.1 billion in losses from 2022–2024 and is reportedly pulling the plug this week, despite a 2026 prize pool of $1.59 billion and top players earning tens of millions.
- How LIV Golf blew $6 billion of Saudi Arabian cash in its high-priced failure New York Post
- Can LIV Golf work without the Saudi billions? Sports investors predict a ‘free fall’ The New York Times
- Trump urges PGA Tour to welcome back LIV rebels after Saudi funding dries up The Guardian
- Saudi Arabia Pulls Funding From LIV Golf. Its Star Players Face a Painful Road Back. WSJ
- Answering some of the biggest questions around LIV Golf and what comes next ESPN
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