LIV Golf Confirms Mass Layoffs as It Seeks $350M to Survive PIF Exit
LIV Golf is laying off most staff by September 1 after Saudi Arabia’s Public Investment Fund ended its funding. The league needs $350 million to survive and has signed a term sheet with BC Partners, though bankruptcy or drastic restructuring may still be required. Tyrrell Hatton expects the tour to continue in 2027, but players like him and Jon Rahm may shift focus to the DP World Tour for Ryder Cup qualification.
