LIV Golf reportedly loses Saudi funding as tour's future looks murky
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The Saudi sovereign wealth fund is ending funding for LIV Golf after this season, according to multiple reports. Why it matters: The Public Investment Fund's decision places the lucrative golf tour in serious jeopardy of dissolving four years after it launched as a well-capitalized competitor to the PGA Tour.Driving the news: LIV "plans to tell players and staff by Thursday" that the Public Investment Fund "will no longer bankroll the circuit after this season," WSJ first reported Wednesday.CNBC
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