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Golf

Jon Rahm calm about LIV Golf future amid talk Saudi backers could pull funding

PA
PA
Published by Jamie Gardner
17, Apr
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Jon Rahm calm about LIV Golf future amid talk Saudi backers could pull funding

Ryder Cup star Jon Rahm was calm about the future of LIV Golf amid speculation the series’ Saudi backers could be about to pull funding.

The breakaway competition launched in 2021 and sent shockwaves through the sport, positioning itself as a rival to the PGA Tour and DP World Tour.

However, speculation has mounted this week that the Saudi Public Investment Fund (PIF) is set to end its backing, which is reported to be approaching 5 billion US dollars (£3.7bn) since the series was launched.

Spanish star Rahm, who is reported to have earned £64million since joining the series in 2023, was interviewed after the first round of the ongoing LIV event in Mexico City.

“Until the people in charge told me if the rumours were valid or not, it didn’t make sense for me to think about it or to waste time thinking about it,” he said, in quotes reported by Sky Sports.

“As everything suddenly came out, so quickly, I wasn’t too worried about that, because normally, before the rumours come out, we know something.

“There’s always someone in the league who knows something. It was so fast that I didn’t really worry about it.”

The Telegraph has reported that players and staff have been told that the PIF funding is only guaranteed until the end of the current season, and that outside investment would be needed to keep going beyond then.

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Rahm is reported to have earned £64m since joining the series in 2023 (Mike Egerton/PA)
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LIV Golf chief executive Scott O’Neil was bullish about the league’s future in an interview on Thursday.

“If we keep the trajectory going the way we are and the revenue growth going, this is going to be a really good business for a really long time,” he said.

On Thursday it was announced that the PIF had sold a 70 per cent stake in Al Hilal, one of four Saudi Pro League clubs it owns.

GolfGolf

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