How the $6.9b Saudi bet in LIV Golf unravelled

How the $6.9b Saudi bet in LIV Golf unravelled

Samuel Agini and Sujeet Indap

May 3, 2026 – 11.57am

Three years ago, Yasir al-Rumayyan, governor of Saudi Arabia’s sovereign wealth fund and chair of the upstart LIV Golf league, looked set for the biggest job in the sport, as he struck a deal with the US PGA Tour to create a new commercial body under his leadership.

Backed by the kingdom’s $US1 trillion Public Investment Fund, LIV was on the rise, luring big-name stars to its competition set up as a direct challenge to golf’s establishment.

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Financial Times

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