Report: PIF’s LIV Golf investments nearing $5 billion

Marc Leishman of Ripper GC celebrates winning during Day 3 of LIV Golf Miami at Trump National Doral Miami on April 6 in Doral, Florida. (AFP)
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Updated 06 May 2025
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Report: PIF’s LIV Golf investments nearing $5 billion

  • Money in Sport had previously projected an increase in the PIF investment of $5 billion by the end of 2025

NEW YORK: LIV Golf’s investors are reaching into their pockets again for funding, with Saudi Arabia’s Public Investment Fund nearing $5 billion in spending on the three-year-old league.

LIV Golf Investments, the parent company for worldwide LIV Golf operations, has increased its authorized share capital twice this year, once in mid-January and once late in April, for a total of $674.3 million, according to the Money in Sport newsletter on Monday.

This brings the total spend to $4.58 billion, with $1.9 billion of that coming since January 2024.

Money in Sport had previously projected an increase in the PIF investment of $5 billion by the end of 2025.

With a reference to $82 million in revenue from January to October 2024, PIF’s filing included the first time a consolidated revenue figure for LIV Golf has been publicly disclosed.

The filing shows the latest authorizations come with three conditions: a minimum number of events this season, a minimum revenue and a finalized TV deal with Fox Sports.

LIV Golf has made significant changes this year, including Scott O’Neill replacing Greg Norman as CEO in addition to altering its team format to make all players’ scores count in every round.

LIV Golf’s first event in the US of 2025 brought record viewership for the league, with 484,000 people tuning in to watch Marc Leishman’s triumph in Miami on April 8.

Unfortunately for the Saudi-backed league, that was still less than a third of the number of people who opted to watch a standard PGA Tour event the same day.

“I think we all hoped it would have been a little bit further along, and that’s no secret,” American golfer Brooks Koepka said ahead of the LIV Golf Miami tournament at Trump National Doral on April 2.

“No matter where you’re at, you always hope everything is further along. But they’re making progress, and it seems to be going in the right direction.”


Arsenal get title boost as Man City and Villa both drop points

Updated 08 January 2026
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Arsenal get title boost as Man City and Villa both drop points

  • Second-placed City remain five points behind Arsenal who can stretch the lead to eight if they beat Liverpool on Thursday
  • Third-placed Villa are also five behind after they could only draw 0-0 in a dour contest at Crystal Palace
  • Antoine Semenyo gave Bournemouth fans a farewell gift before his expected move ⁠to Manchester City, scoring in stoppage time to give his side a 3-2 victory at home against Tottenham

LONDON: Arsenal’s Premier League title prospects were enhanced without them even kicking a ball on Wednesday as their closest challengers Manchester City and Aston Villa both dropped points.

Erling Haaland scored his 150th goal for City as he put ​them in front against Brighton and Hove Albion from the penalty spot but Kaoru Mitoma equalized for the visitors on the hour with the game finishing 1-1.

It was the third successive draw for stuttering City who were held by Sunderland on New Year’s Day and by Chelsea at the weekend when they also conceded an equalizer.

“The result is the result. I’m not a person who believes what we have done isn’t fair,” City manager Pep Guardiola said.

Second-placed City remain five points behind Arsenal who can stretch the lead to eight if they beat Liverpool on Thursday.

Third-placed Villa are also five behind after they could only draw 0-0 in a dour contest at Crystal Palace, Ollie Watkins going closest for Villa ‌with a late ‌effort against the woodwork.

Chelsea’s new manager Liam Rosenior watched on in the stands ‌at ⁠Craven ​Cottage as ‌his new club went down 2-1 at Fulham after having Marc Cucurella sent off midway through the first half.

Raul Jimenez gave Fulham the lead and although Liam Delap equalized for the visitors, Harry Wilson sealed the points for Fulham. Defeat left Chelsea down in eighth place.

Sesko scores twice

Two days after sacking manager Ruben Amorim, Manchester United could only draw 2-2 at 19th-placed Burnley.

Benjamin Sesko scored twice for United, doubling his tally for the season, but it was not enough to give caretaker manager Darren Fletcher a win as Jaidon Anthony’s equalizer earned Burnley a point. United slipped to seventh.

Brentford moved into fifth spot as Brazilian striker Igor ⁠Thiago followed up his hat-trick at the weekend against Everton with two goals in a 3-0 home victory over Sunderland to take his league tally for ‌the season to 16.

“He’s a complete center forward,” said Brentford manager Keith ‍Andrews. “I wouldn’t be swapping him for anybody.”

Newcastle United trailed three ‍times in a thriller at home to Leeds United but emerged with an astonishing 4-3 victory to move into ‍the top six thanks to a last-gasp goal by Harvey Barnes after Bruno Guimaraes had equalized for the hosts from the penalty spot in the 91st minute.

Barnes’s goal arrived in the 102nd minute, the latest winning goal in Premier League history.

Bottom club Wolverhampton Wanderers’ recent upturn continued with a 1-1 draw at Everton.

Everton ended the game with nine men after Michael Keane, who scored their goal, ​and Jack Grealish were both sent off late on — Keane for an apparent hair pull on Tolu Arokodare.

‘No man deserves it more’

Antoine Semenyo gave Bournemouth fans a farewell gift before his expected move ⁠to Manchester City, scoring in stoppage time to give his side a 3-2 victory at home against Tottenham Hotspur, his side’s first win in 12 league games.

“That was the type of stuff you write in movies and no man deserves it more than him,” Marcus Tavernier said of his soon-to-be former teammate.

Semenyo illustrated just why City are prepared to pay £65 million ($87.46 million) for his services with a curling shot past Guglielmo Vicario sparking wild celebrations.

City have won the title six times in the last eight seasons but their hopes of reclaiming it after being dethroned by Liverpool last season are beginning to look forlorn.

They produced a lacklustre attacking display against Brighton but Haaland’s penalty, after a foul by Diego Gomez on Jeremy Doku, looked like earning them a victory that would have put some pressure on leaders Arsenal.

But Brighton struck back as Mitoma guided in an equalizer from the edge of the penalty area.

Haaland should have won it for City late on, but fired a shot ‌straight at Brighton keeper Bart Verbruggen.

To make matters worse for City, Guardiola said Savinho will be out for two months with an injury, adding to an absentee list that also includes defenders Ruben Dias, Josko Gvardiol and John Stones.