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Saudi-Backed LIV Golf, After Five Years Trying to Challenge PGA Tour, Is Shutting Down

LIV Golf, the pro-golfing startup venture whose biggest investor had been the sovereign wealth fund of Saudi Arabia, is shutting down after it couldn’t reach an agreement with a new investor on a bankruptcy reorganization. The league was founded in 2021 by a group of pro golfers, led by Phil Mickleson and Greg Norman, who

First reported by Variety 1 source
Image: Variety
Image: Variety
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  1. Variety

    Saudi-Backed LIV Golf, After Five Years Trying to Challenge PGA Tour, Is Shutting Down (opens Variety in a new tab)

    LIV Golf, the pro-golfing startup venture whose biggest investor had been the sovereign wealth fund of Saudi Arabia, is shutting down after it couldn’t reach an agreement with a new investor on a bankruptcy reorganization. The league was founded in 2021 by a…

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