Surj reiterates sports commitments following PIF’s partial retreat Sport Business Surj Sports Investment has reiterated its commitment to its stakes in ATP tennis, T100 triathlon and broadcaster Dazn in the wake of cuts to some Saudi-backed events. LIV Golf has been rocked by the withdrawal of further financial support from the Public Investment Fund, while Saudi Arabia has also axed snooker and flag football competitions. [...]
LIV Golf’s decline leaves sport with more questions than answers Sport Business LIV Golf. What was that all about? Ok, the past tense might be a bit harsh. But could anyone have the appetite and depth of pockets to rescue a venture that has burned through $5bn from the ignominy of collapse? Where too does this embarrassing failure leave Saudi Arabia and its sporting ambitions? Time has [...]
LIV Golf hires restructuring experts as Saudi Arabia PIF ends funding Sport Business LIV Golf have hired restructuring specialists to a newly established board of directors as the Saudi Arabian Public Investment Fund plans to halt its investment in the rebel league. Eugene Davis and Jon Zinman, described by the breakaway leagues as “seasoned experts in complex transactions, turnarounds, and restructurings” will come into LIV Golf as it [...]
LIV Golf to seek investment as Saudi Arabia PIF to cut funding April 30, 2026 LIV Golf is set to announce it is seeking new investment amid reports that Saudi Arabia’s Public Investment Fund is to cut off its funding. PIF has ploughed more than $5bn into LIV Golf since launching it as a challenger to the PGA Tour in 2022 and poaching top players including Bryson DeChambeau and Jon [...]
Barry Hearn says ‘Saudi is a problem’ amid snooker shift April 21, 2026 Snooker supremo Barry Hearn has admitted that “Saudi is a problem” amid reports of plans to move a lucrative event to fellow Gulf region Qatar. Saudi Arabia could be about to scale back its sporting empire due to conflict issues in the region, with LIV Golf’s long-term funding uncertain and other events potentially under review. [...]
What next for LIV Golf and Newcastle United after Saudi PIF strategy shift? April 18, 2026 With Saudi Arabia’s Public Investment Fund updating its strategy, what next for the PIF-owned Newcastle United and LIV Golf? Saudi Arabia’s Public Investment Fund last week published the latest iteration of its Vision strategy, which will cover the remainder of the decade. The strategy’s publication had been expected for some time. When the last planning [...]
LIV Golf under ‘pressure’ but is ‘the future of the game’, says CEO O’Neil April 16, 2026 LIV Golf CEO Scott O’Neil says the breakaway tour is facing a “moment of pressure” but has dismissed suggestions that it is on the verge of collapse. Reports this week stated that Saudi Arabia’s Public Investment Fund could withdraw its funding of LIV Golf, having spent more than $5bn on bankrolling the signing of stars [...]
Blitz Golf: Golf’s answer to T20 cricket coming to London March 12, 2026 When LIV burst into the sporting galaxy it promised to be “golf, but louder”. So what do you call golf that lasts just three hours and has been described as the sport’s version of Twenty20 cricket? The answer, it seems, is Blitz. Established in Australia back in 2018, Blitz Golf shot to prominence when cricketer [...]
LIV Golf teams up with Open Championship chiefs the R&A February 18, 2026 LIV Golf has announced a collaboration with the R&A, organisers of the Open Championship, and the USGA, which runs the US Open. The global circuit, which features stars such as Bryson DeChambeau, Jon Rahm and 2022 Open winner Cameron Smith, has engaged the R&A’s Sustainable Agronomy Service and the USGA’s Green Section to consult on [...]
LIV Golf open to PGA resolution and in talks over team sales, says president February 9, 2026 LIV Golf chiefs insist they remain open to working with the PGA Tour amid apparently receding prospects of a merger of interests but are focused on the next phase of their business, including the sale of stakes in two teams. More than two and a half years after a “framework agreement” was announced for the [...]