The fallout — whenever LIV Golf disbands (which some reports suggest is imminent) — will be as widespread as the reasons for the maverick Saudi-backed tour’s demise.
If the rumors and reports that surfaced Wednesday are true and LIV Golf is on the verge of shutting down, conversation about what went wrong will last longer than its four-year run did.
1. Money. As in too much spent.
The concept, from the start, was never financially feasible given the obscene amount of money its Public Investment Fund (PIF) spent to lure the top players in the world away from the PGA Tour.
There are multiple reports that some $1.3 billion was spent on guaranteed signing bonus money alone — and that doesn’t include the tournament purses, which have exceeded $4 million for each individual winner.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
