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LIV Golf to lay off majority of staff amid ‘compressed timeline’ for new investors

CN
CitrixNews Staff
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LIV Golf to lay off majority of staff amid ‘compressed timeline’ for new investors
  • Saudi Arabia’s PIF have ended financial support

  • Chief executive working on deal but needs players’ buy-in

LIV Golf informed the majority of its workforce on Wednesday that they will be laid off in the first week of September.

The news ⁠comes three days after the 2026 season concluded in Indianapolis and four months after Saudi Arabia’s Public Investment Fund announced it was ending its financial support ⁠of the league after ⁠spending more than $5bn over the past five years.

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Originally reported by The Guardian. Read the full story at the original source.