The Age ·general ·1 hour ago

Saudi Arabia's PIF withdraws LIV Golf funding as Trump relationship deteriorates

Saudi Arabia's Public Investment Fund withdrew backing from LIV Golf after Crown Prince Mohammed Bin Salman's relationship with President Trump deteriorated, sources said. The golf league, which had no major U.S. audience, will cease operations after 2026 without additional funding. LIV was designed as a geopolitical tool to improve Saudi Arabia's reputation rather than generate profits.

Summary by Glance · The Age

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