SAUDI ARABIA’S sovereign wealth fund officially pulled the plug on future funding for LIV Golf, leaving the rival league to find a new path without the largesse that helped it launch four years ago as a threat to the golf establishment.
Staff and players have been aware for the last two weeks the Public Investment Fund was only going to support LIV Golf through the end of this year. LIV responded with a new board and a plan to diversify into an investment model with hopes of finding long-term partners.
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