Why are Liv golf paying Saudi Arabia's sovereign wealth fund to players?



Why are Liv golf paying Saudi Arabia’s sovereign wealth fund to players?

"Despite knowing full well that they would breach Tour Regulations and be suspended for doing so, Plaintiffs have joined competing golf league LIV Golf, which has paid them tens and hundreds of millions of dollars in guaranteed money supplied by Saudi Arabia’s sovereign wealth fund to procure their breaches."

What is the Saudi International powered by Sbia?

The Saudi International powered by SBIA is a European Tour golf tournament held at Royal Greens Golf and Country Club in King Abdullah Economic City, Saudi Arabia.

Who is the new title sponsor of the Saudi Arabia Golf Championship?

In January 2022, it was announced that the Saudi Public Investment Fund had become the new title sponsor of the event. ^ ASA − Asian Tour; EUR − European Tour. ^ "Inaugural Saudi Arabia Golf event".

What is the Saudi backed Golf League?

The PGA Tour and European Tour now DP World Tour have been the two main professional golf tours since we can remember. So when the Saudi Backed Golf League was announced it was a huge talking point. LIV Golf Investments and its CEO Greg Norman announced the series on 15 March 2022.