Since its inception in 2022, LIV Golf has been luring top talent away from the PGA Tour with massive contract offers to golf’s top stars. However, it sounds like the league has been seeing massive losses and faces a grim future.
A report from Money In Sport examined the 2023 financial filings filed this week by LIV Golf’s UK group, which operates all LIV operations outside the U.S. And the report does not paint a great picture for the golf league.
Operating losses for LIV Golf UK grew from $244 million to $394 million in 2023, leading Money In Sport to conclude that Saudi Arabia’s Public Investment Fund – which financially backs LIV Golf – will need to keep injecting more money into the struggling golf…