LIV Golf League Spent $784M In 2022, Revenue Was ‘Virtually Zero’
View Source | February 8, 2023 8:11 am
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- As the LIV Golf League prepares to start its second season in Mexico later this month, the circuit being financed by Saudi Arabia’s Public Investment Fund is generating virtually no revenue, according to federal court documents.
- The LIV Golf League’s attorneys made that admission in a motion filed with the U.S. District Court for Northern California on Monday. LIV Golf asked U.S. District Court Judge Beth Labson Freeman to deny the PGA Tour’s motion for leave to add the Public Investment Fund and its governor, Yasir Al-Rumayyan, as plaintiffs in the tour’s countersuit against LIV Golf, in which it alleges LIV Golf interfered with its contract with players.
- On Monday, the PGA Tour’s attorneys requested a conference hearing with Freeman to discuss whether discovery deadlines and the January 2024 trial date should be pushed back because the Public Investment Fund and Al-Rumayyan have allegedly failed to comply with discovery and depositions.
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