LIV Golf’s $1.1 Billion loss since 2021: financial struggles revealed
LIV Golf, the Saudi-backed golf league, continues to face significant financial challenges, with recent reports revealing a staggering loss of $1.1 billion in non-U.S. operations since its inception in 2021. This includes a $462 million loss in 2024 alone, marking a 16% increase in losses from the previous year. Despite these mounting losses, the league's parent company, LIV Golf Investments Ltd., has raised nearly $5 billion through share sales, primarily funded by Saudi Arabia's Public Investment Fund (PIF). Financial breakdown: Revenue versus expensesIn 2024, LIV Golf's non-U.S. operations generated $65 million in revenue, up from $37 million in 2023. However, expenses soared to $526.7 million, leading to a substantial deficit. These figures exclude the seven U.S.-based events, which are managed by a separate entity, LIV Golf Inc., and are not required to disclose financial data. The total losses since 2021 […]