{"id":2082,"date":"2026-07-31T17:42:44","date_gmt":"2026-07-31T17:42:44","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=2082"},"modified":"2026-07-31T17:42:44","modified_gmt":"2026-07-31T17:42:44","slug":"liv-golf-is-on-the-cusp-of-a-new-funding-deal-and-bankruptcy-is-on-the-table","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=2082","title":{"rendered":"LIV Golf Is On The Cusp Of A New Funding Deal\u2014And Bankruptcy Is On The Table"},"content":{"rendered":"<div>\n<h2>NEWS PEG<\/h2>\n<p>It was announced in April that LIV would be losing its funding from the Saudi Arabia Public Investment Fund, which had bank-rolled the league from its inaugural season in 2022 and was thought to be funding it through 2032. It scrapped a tournament scheduled for New Orleans in June and is likely canceling the team championship scheduled for Michigan in August. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=2080\">Novo Nordisk Wipes Out $30 Billion In Market Value After Failed Heart Drug Trial<\/a><\/p>\n<h2>Key background<\/h2>\n<p>Upon its founding, LIV faced criticism immediately for accepting funding from Saudi Arabia, which was accused of using its money to buy its way into a prestigious American sport to improve its international image. Nonetheless, the league did succeed in wooing major players like Rahm, Phil Mickelson and Brooks Koepka away from the PGA tour with <u>massive<\/u> monetary promises. Since then, LIV has built a genuine international audience\u2014the league reports ticket sales are up 129% year over year\u2014but the American <u>TV audience<\/u> hasn\u2019t broken through and the league has burned through cash. LIV has said it expects four of its events and 10 of its 13 teams to turn a profit this year, but O\u2019Neil has said the overall league could be a <u>decade away<\/u> from profitability and LIV has spent a reported $6 billion in five years. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=2078\">Can Infantino Get 106 Votes For FIFA World Cup Plan? Here\u2019s How Members Are Leaning<\/a><\/p>\n<h2>BIG NUMBER<\/h2>\n<p>More than $3 billion. That\u2019s how much LIV has paid its players in tournament winnings, salaries and bonuses since its first tournament in 2022. Reported signing bonuses for major players included $300 million for Rahm, $200 million for Mickelson and $100 million for Koepka. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=2076\">Amazon Shares Surge 14% Toward Best Day In A Decade\u2014Jeff Bezos Overtakes Brin As 3rd Richest<\/a><\/p>\n<div><\/div>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>LIV Golf Loses Saudi Arabia Funding\u2014Effectively Ending PGA Rival, Report Says<\/span><small>By <span>Antonio Peque\u00f1o IV<\/span><\/small><\/span><span><\/span><span><span>Forbes<\/span><span>Here\u2019s How Much LIV Golf Paid Its Players\u2014As The Saudis Yank Funding<\/span><small>By <span>Mary Whitfill Roeloffs<\/span><\/small><\/span><span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Saudi Arabia\u2019s Public Investment Fund bailed on its funding of LIV Golf\u2014and now the league&#8217;s future is in doubt. <\/p>\n","protected":false},"author":1,"featured_media":2081,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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