The board is moving in world golf
Yasir Al-Rumayyan, the man who started LIV Golf with the Saudi fund’s checkbook, has resigned as president. The news fell like lightning in the world of golf: the league plans to announce a new strategy to continue without its main financial backing.
According to Sports Business Journal, LIV is looking for external partners and a new board of directors. Al-Rumayyan himself, who has headed the Public Investment Fund since 2015, probably left by the fund’s decision. The league did not comment.
“As long as LIV is here, I would find a way to make it make sense,” Bryson DeChambeau told the ‘Flushing It’ site.
Is unlimited money over?
The hard fact: LIV has already spent $5 billion since its launch in 2022, and is expected to reach $6 billion by the end of the year. They signed stars like Jon Rahm, Brooks Koepka and Phil Mickelson with million-dollar contracts. But now, the Saudi tap is turned off after this season.
Scott O’Neil, the new CEO, assured two weeks ago that financing was secured until 2026. But this smacks of a change of plans. The million-dollar question: Will the big names stay when their contracts expire?
What’s coming
Al-Rumayyan wanted a seat at the big golf table. He signed an agreement with the PGA Tour and the European circuit in 2023, but it only served to stop the lawsuits. Now, without its star president, LIV has to prove that it can walk alone. Or, as in sports, adapt or fall behind. The course is changing, and we will see who has the best strategy for the next hole.




