about 2 hours ago

LIV Golf UK Posts $462M Loss; PIF Support Letter Eases ‘Material Uncertainty’

UK filings show LIV Golf Ltd’s UK arm lost $461.8 million in 2024, pushing cumulative losses since 2021 beyond $1.1 billion. Accounts flagged “material uncertainty,” but a funding letter from Saudi Arabia’s $925 billion PIF underpins operations. LIV Golf Investments has raised $4.89 billion. CEO Scott O’Neil added more sponsors, while a PGA Tour–PIF deal remains unresolved.