Sergio Garcia's Masters meltdown impetus for Saudi's to pull LIV funding
Awful Announcing • • sports
Key Points:
- Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), reportedly decided to withdraw funding from the LIV Golf tour following Sergio Garcia's outburst at the Masters in April.
- Garcia's meltdown at the prestigious Augusta National course involved damaging his driver and the course during the final round on April 12, which reportedly embarrassed Rumayyan.
- The Financial Times suggests that this incident contributed to Rumayyan's decision to pull PIF’s support as the fund shifted focus to domestic projects in Saudi Arabia.
- LIV Golf has faced ongoing challenges including financial losses, poor ratings, and negative publicity, which likely also influenced the PIF’s decision to end its involvement.
- Rumayyan’s aspiration to join Augusta National may have made Garcia’s behavior particularly problematic for him, adding a personal dimension to the funding withdrawal.
