How on earth are you this bad off financially with so much talent on your circuit?
For the third straight year, LIV Golf was reportedly deep in the red fiscally, according to a United Kingdom-based financial filing.
LIV Golf Ltd., which is the arm in the UK that helms the league’s operations outside the United States, reported whopping losses of $461.8 million for 2024, according to Front Office Sports. And here’s the wild breakdown: While bringing in $64.9 million in revenue, they had an incredible amount of expenses at $526.7 million.
The staggering figures come after LIV lost around $396 million in 2023, while in the inaugural season in 2022, they were $243 million in the hole. All-time since their inception, LIV Golf has an unbelievable $1.1 billion in losses, per Front Office Sports. (RELATED: PGA Of America President Don Rea Seemingly Defends Wild Fan Behavior At Ryder Cup)In 2024, LIV held 14 tournaments total, with seven of them being outside the United States. LIV Golf Inc., which is based in the U.S. and where events in the country are under, doesn’t disclose their finances.
Around $5 million has reportedly been invested into LIV Golf by Saudi Arabia’s Public Investment Fund (PIF).
The filing in the UK revealed that LIV Golf landed a “letter of support” from the PIF, with it reading, “the group and parent company has access to sufficient financial resources to support the business to meet its liabilities as and when they fall due during the going concern assessment period,” according to FOS.
