LIV Golf Transition: Funding Cut and Season Finish Ahead of Schedule
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“The funding commitment announced by PIF earlier this year will reach its conclusion. As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality,” a LIV Golf spokesperson said in a statement. “This week, we informed many of our colleagues that their employment under LIV 1.0 will end in the first week of September.
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Sky Sports"The funding commitment announced by PIF earlier this year will reach its conclusion," a LIV spokesperson told Sky Sports. "As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality.
BBC Sport"The funding commitment announced by PIF earlier this year will reach its conclusion. As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality," LIV said in a statement.
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The LIV Golf season finished a week early after the cancellation of the Team Championship in Michigan, with chief executive Scott O'Neil saying at their Indianapolis event he was optimistic they could finalise fresh investment and move forward.
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The Guardian SportThe LIV Golf chief executive, Scott O’Neil, is working to finalise a deal with a new lead investor to fund a re-imagined LIV 2.0. However, the league faces an uncertain future, with the season-ending team championship in Michigan cancelled, the purse for the Indianapolis event slashed nearly in half, multiple vendors still awaiting payments and the potential for bankruptcy looming.
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Asked by BBC Sport whether anything should be read into his seemingly provocative choice of song, Hatton said: "No. I've still got multiple years left on my contract with LIV and as I've said I've still got plenty of tournaments to play this year, so there is nothing really to focus on other than the golf."
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Sky Sports"I would expect there to be LIV next season," Hatton said in his pre-tournament press conference. "I know they've worked really hard to get the funding and stuff in place, so I know it's full steam ahead on that front."
4 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Sky Sports No final decision has been made on the staffing levels required for any future version of LIV Golf, with the league - previously home to over 300 staff globally - still hopeful that some can return should the new iteration materialise.
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02 ESPN LIV cutting workforce amid uncertain future With current funding coming to an end, LIV Gold announced Wednesday it was scaling back operations that is expected to affect most of the workforce.
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03 The Guardian Sport O’Neil acknowledged last week that LIV Golf has “a very compressed timeline” to finalise a deal with a new lead investor, and such an agreement will require buy-in from a majority of the current player roster.
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04 BBC Sport Published Tyrrell Hatton says he expects LIV Golf to continue next year despite confirmation of job losses following the early conclusion of its season in Indianapolis last week.
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Sources (4)
- guardian-sport
- bbc-sport
- skysports
- espn