Saudi-backed LIV Golf made ‘virtually zero’ money in its first year

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Saudi-backed LIV Golf made ‘virtually zero’ money in its first year
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After wooing some of the biggest names in golf, LIV Golf revealed that it generated virtually no revenue in 2022.

LIV Golf made a big splash last year with the huge sums of money it laid out to land stars Phil Mickelson, Brooks Koepka, Bryson DeChambeau, Dustin Johnson, Sergio Garcia and others. When it came to how much dough the controversial Saudi-backed circuit raked in, though, the number was apparently a lot smaller.After wooing some of the biggest names in golf, LIV, which is bankrolled by the Public Investment Fund, revealed in a motion filed by its attorneys with the U.S.

Without a TV deal in place and its tournaments broadcast only on YouTube and its website last year, it’s hardly a surprise.The motion by LIV came as part of a lawsuit involving the PGA Tour, with LIV asking that the judge deny the Tour’s motion for leave to add the PIF and its governor, Yasir Al-Rumayyan, as plaintiffs in the tour’s countersuit against Saudi-funded LIV, in which it alleges that LIV interfered with its contract with players. Judge Beth Labson Freeman has scheduled a Feb.

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