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Sports Illustrated
Sports Illustrated
Sport
Bob Harig

Why the Saudi PIF Is Done With LIV Golf

The Public Investment Fund of Saudi Arabia made official Thursday what LIV Golf officials had previously confirmed—that the sovereign wealth fund which is worth approximately $1 trillion will no longer bankroll the league beyond this year.

LIV Golf had already released plans for a restructuring of the organization with appointment of an independent board of directors that will be tasked with raising funds for the league to continue into the future.

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