LIV Golf hires financial advisers in scramble to secure funding lifeline after Saudi Arabia pulls plug on its funding

Saudi Arabia's Public Investment Fund (PIF) has confirmed it will end its funding of LIV Golf at the close of the current season, throwing the future of the breakaway golf tour into doubt. In response, LIV Golf has hired restructuring experts at consulting firm AlixPartners to help develop a new business plan and secure external investment, seeking a multi-billion dollar funding lifeline. The tour features high-profile players including Jon Rahm and Bryson DeChambeau, whose futures in the competition now hang in the balance.