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Saudi PIF spending close to $6.5b on LIV Golf
The Straits Times
|May 07, 2025
LIV Golf's investors are reaching into their pockets again, with Saudi Arabia's Public Investment Fund (PIF) nearing US$5 billion (S$6.5 billion) in spending on the three-year-old league.
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MIAMI - LIV Golf's investors are reaching into their pockets again, with Saudi Arabia's Public Investment Fund (PIF) nearing US$5 billion (S$6.5 billion) in spending on the three-year-old league.
LIV Golf Investments, the parent company for worldwide LIV Golf operations, has increased its authorised share capital twice in 2025, once in mid-January and once late in April, for a total of US$674.3 million, according to the Money in Sport newsletter on May 5.
This brings the total spend to US$4.58 billion, with US$1.9 billion of that coming since January 2024.
Money in Sport had previously projected an increase in the PIF investment to US$5 billion by the end of 2025.
यह कहानी The Straits Times के May 07, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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