The LIV Golf Circuit announces its end due to economic problems
In addition to the lack of financial support, the fact that the world's top players left the tournament has had an impact on the decision.
LIV Golf has announced on Thursday that the Saudi circuit, created five years ago 5, will not continue to operate. On the one hand, the organisation has lost financial support and, on the other, the best players in the world have decided not to continue.
The circuit was created with funding from the Saudi Arabian Public Investment Fund (PIF), but was almost sunk by the cancellation of that investment, after which LIV Golf secured $300 million in potential funding from BC Partners Credit, although it has now announced that the project is not viable, explaining "its intention to begin the transition to orderly cessation of operations."
In addition, the top golfers have decided to leave the circuit, and one of the keys has been: Jon Rahm, Sergio Garcia, David Puig, Tyrrell Hatton, Louis Oosthuizen, Ian Poulter, Brooks Koepka and Patrick Reed.
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