The LIV Golf league, spearheaded by CEO Scott O'Neil, had been backed by the Saudi Arabia's Public Investment Fund (PIF) until earlier this year. The PIF announced that it would no longer provide funding for the current season. This move left O'Neil in a precarious position as he sought to secure new investors for his controversial golf league. [1] The news article from sports.yahoo.com highlights the sudden change in support, indicating that LIV Golf's easy access to funds has ended with the PIF decision. [2] Another outlet, though not named here, might have provided additional context or analysis on how this development affected O'Neil and the league.
LIV Golf CEO's Funding Appeal Fails to Impress Golf Community
The LIV Golf league has seen its funding cut off by the Saudi Arabia's Public Investment Fund, leaving its CEO Scott O'Neil in need of new investors.
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- LIV Golf's funding cut off by Saudi Arabia's Public Investment Fund
- The PIF decision leaves CEO Scott O'Neil in need of new investors