sports
LIV establishes new board in attempt to survive
Key takeaways
- The PIF has invested more than $5 billion into LIV Golf since its first tournament in June 2022 and was reportedly spending $100 million per month this year.
- PIF governor Yasir Al-Rumayyan is expected to step down as LIV Golf's chairman Thursday, sources confirmed to ESPN.
- The PIF is expected to announce as early as Thursday that it won't fund the LIV Golf League beyond this season.
Why this matters: a sports story that could shift standings, legacies, or fan conversations.
The new board will be led by investment bankers Gene Davis and Jon Zinman, who the league said have "proven track records of navigating complex situations and unlocking value for global organizations, to guide the league through its next phase."
The PIF has invested more than $5 billion into LIV Golf since its first tournament in June 2022 and was reportedly spending $100 million per month this year.
PIF governor Yasir Al-Rumayyan is expected to step down as LIV Golf's chairman Thursday, sources confirmed to ESPN.
Article preview — originally published by ESPN. Full story at the source.
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