PIF’s new plan for LIV Golf revealed as official 48-page document filed

AI Summary

Saudi Arabia's Public Investment Fund (PIF) has filed a 48-page document outlining plans for funding LIV Golf. The new management team led by Scott O’Neil aims to raise approximately $300 million to sustain the tour beyond 2027.

After leaving LIV Golf in the lurch, Saudi Arabia’s Public Investment Fund have delegated responsibility for finding new funding for the tour to its new-look management team. Led by Scott O’Neil and a supporting cast encompassing investment banks, consultancy firms and players, LIV are seeking in the region of $300m in fresh capital in order to ensure the tour’s survival into 2027 and beyond.