LIV Golf to end season early and cancel the Michigan team event
AP News • • sports
Key Points:
- LIV Golf is ending its 2024 season one week early, canceling the planned team championship in Michigan and instead crowning the champion at the Indianapolis event starting Thursday.
- The 2024 schedule consists of 12 events, the smallest since LIV Golf's 2022 launch, with Jon Rahm already securing the individual season title for the third consecutive year.
- The Saudi Public Investment Fund, LIV Golf's initial financier, decided to cease funding after 2024, but LIV announced a new lead investor to support a revamped league model starting in 2027.
- LIV Golf's CEO Scott O’Neil emphasized plans to transform the league into a player-owned entity with a sustainable business model, though details on the new format, rosters, and financial structure remain unclear.
- The final 2024 event offers a $20 million purse, likely the last of its size, amid cost-cutting measures including event cancellations and canceled entertainment performances; top players and teams remain in contention for season-end bonuses.
