Field Level Media LIV Golf’s investors are reaching into their pockets again for funding, with Saudi Arabia’s Public Investment Fund nearing $5 billion in spending on the three-year-old league. LIV Golf Investments, the parent company for worldwide LIV Golf operations, has increased its authorized share capital twice this year, once in mid-January and once late in April, for a total of $674.3 …
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FieldLevelMedia
LIVGolf’sinvestorsarereachingintotheirpocketsagainforfunding,withSaudiArabia’sPublicInvestmentFundnearing$5billioninspendingonthethree-year-oldleague.
LIVGolfInvestments,theparentcompanyforworldwideLIVGolfoperations,hasincreaseditsauthorizedsharecapitaltwicethisyear,onceinmid-JanuaryandoncelateinApril,foratotalof$674.3million,accordingtotheMoneyinSportnewsletteronMonday.
Thisbringsthetotalspendto$4.58billion,with$1.9billionofthatcomingsinceJanuary2024.
MoneyinSporthadpreviouslyprojectedanincreaseinthePIFinvestmentof$5billionbytheendof2025.
Withareferenceto$82millioninrevenuefromJanuarytoOctober2024,PIF’sfilingincludedt
