Menu

Post image 1
Post image 2
Post image 3
Post image 4
1 / 4
0

LIV Golf has a new chairman and seeks to new funding without Saudi backing

The Independent·Doug Ferguson·about 1 month ago
#uzclmtUc
#golf#tour#business#league#rumayyan#photo
Reading 0:00
15s threshold

LIV Golf announced a new board and a new business strategy Thursday as it tries to forge ahead without Saudi Arabian funding that allowed the league to launch nearly four years ago with oversized contracts and prize funds. Yasir Al-Rumayyan, the Public Investment Fund governor who was behind the creation of LIV Golf, is no longer listed as chairman of LIV Golf. LIV announced Gene Davis of Pirinate Consulting Group and Jon Zinman of the strategic advisory firm JZ Advisors are leading a newly created board, with Davis as chairman. The focus is on securing long-term financial partners when Saudi funding ends after this season. LIV said it was seeking to move toward an investment model involving multiple partners and team franchises. The league has said it expects 10 of its 13 teams to be profitable this year.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More