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Saudi Golf Fund Future Uncertain Amidst Billion-Dollar Losses
30 Apr
Summary
- LIV Golf may cease receiving funds from Saudi Arabia after this season.
- The league has reportedly lost between $6 and $9 billion since 2021.
- Tony Romo did not qualify for the U.S. Open after a recent local event.
The future of the LIV Golf league is reportedly in jeopardy as the Saudi Public Investment Fund may cease its financial backing after the current season. Since its launch in 2021, LIV Golf has amassed significant reported losses, with figures ranging between $6 and $9 billion, a development that has surprised many within the sport. This potential shift in investment strategy by Saudi Arabia signals a broader reevaluation of financial priorities.
In related golf news, former NFL quarterback Tony Romo's pursuit of a U.S. Open spot has been unsuccessful for this year. Romo participated in local qualifying in Texas but finished with a 9-over 79, falling short of the necessary score to advance. This marks a continued wait for his opportunity to compete in the prestigious tournament.
Several other notable athletes, including retired MLB players like Tyler Clippard and Aaron Hicks, along with former NFL players Danny Woodhead and Drew Olson, are still in contention during the ongoing local qualifying rounds. The U.S. Open tournament is scheduled to take place from June 15 through 18 at Shinnecock Hills in Southampton, New York.
