How LIV Golf blew $6 billion of Saudi Arabian cash
New York Post • • general
Key Points:
- Saudi Arabia’s Public Investment Fund invested approximately $6 billion into LIV Golf since its launch in 2021 before discontinuing support this week.
- LIV Golf attracted top players with massive contracts, including Jon Rahm ($300 million), Phil Mickelson ($200 million), Brooks Koepka (~$100 million), and Bryson DeChambeau ($100 million).
- Tournament prize purses started at $25 million in 2022 and are projected to reach $30 million by 2026, with total prize money expected to exceed $3.2 billion over four years.
- Top earners like Rahm, Joaquin Niemann, and Talor Gooch have amassed tens of millions in winnings, while even lower-ranked players earned significant payouts.
- Despite high payouts and player earnings, LIV Golf reportedly lost $1.1 billion from 2022 to 2024, with monthly expenses over $100 million, leading to financial strain on its Saudi backers.
