LIV Golf Loses Saudi Arabia Funding—Effectively Ending PGA Rival

LIV Golf, the competitor to the PGA Tour bankrolled by Saudi Arabia’s Public Investment Fund, is losing its funding from the Gulf state, according to The Wall Street Journal. This follows weeks of speculation surrounding the upstart’s potential shutdown. LIV intends to tell staff and players, some of whom were among the PGA Tour’s most popular when they were poached, on Thursday that the league will lose funding after the conclusion of this season. LIV is in discussions with outside investors to keep the league operating, the Journal reported, though it noted maintaining its current form would be QUOTE “nearly impossible,” as the league has incurred mounting losses. Learn more about your ad choices. Visit megaphone.fm/adchoices