Saudi Arabia's PIF Considers Cutting Support for LIV Golf
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is considering cutting its support for LIV Golf, people familiar with the matter told Financial Times' Samuel Agini, Arash Massoudi and Sujeet Indap. An announcement on the future of the kingdom's involvement in LIV, which has racked up huge losses since being set up five years ago, could come as soon as Thursday, the sources said. Golf suppliers include Acushnet (GOLF) and Callaway Golf (CALY). Golf broadcasters include Comcast's (CMCSA) NBC, Paramount Skydance (PSKY), Disney's (DIS) ESPN and Fox Corp. (FOXA).
