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.”


Russell, Antonelli lead Mercedes in one-two qualifying positions for F1’s Australian GP

Updated 07 March 2026
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Russell, Antonelli lead Mercedes in one-two qualifying positions for F1’s Australian GP

  • Russell topped all three sessions in F1’s knockout qualifying format, finally casting aside questions of where Mercedes team was in the new-era pecking order

MELBOURNE: Mercedes has revealed its dominant hand during qualifying for Sunday’s Formula 1 Australian Grand Prix.
George Russell earned his ninth-career pole position Saturday ahead of his teammate Kimi Antonelli for the team’s 83rd front-row lockout and its first since the 2024 British Grand Prix.
Russell topped all three sessions in F1’s knockout qualifying format, finally casting aside questions of where Mercedes team was in the new-era pecking order. His pole time, at 1 minute, 18.518 seconds, was almost eight-tenths faster than the nearest non-Mercedes challenger, Red Bull rookie Isack Hadjar, who completed the top three.
“It was a great day, we knew there was a lot of potential in the car, but until we get to this first Saturday of the season, you never know,” Russell said. “But it really came alive this afternoon, especially when the track temperatures cooled, we know we tend to favor those conditions.”
Antonelli was relieved to have made it onto the front row alongside his teammate after a crash in final practice at the exit of turn two meant it was a race in the Mercedes garage to get him out for qualifying.
“It’s been a very stressful day. Unfortunately, I went into the wall (in FP3),” he said. “But the guys (in the garage) were the heroes today to put the car back on track.”
Hadjar was impressive by qualifying third on debut for Red Bull, his highest-ever grid position.
“The only thing I can do is take them at the start, but they’re just too fast at the moment,” Hadjar said of Mercedes. “I want to keep my position and a second podium would be cool.”
Ferrari showed it’s neck-and-neck with McLaren on pace, with just one and a half tenths seconds covering the four drivers just beyond the top-three — with Charles Leclerc qualifying fourth, McLaren’s Oscar Piastri and Lando Norris in fifth and sixth respectively, and Lewis Hamilton in seventh.
Racing Bulls showed they’ve taken a step forward over the winter, with New Zealander Liam Lawson eighth ahead of his highly-rated rookie teammate Arvid Lindblad.
The big surprise of the session came from four-time F1 world champion Max Verstappen, who triggered red flags at Melbourne’s Albert Park after he lost control of his Red Bull car in braking for turn one in the first half of Q1 and ended in the barriers.
The Dutchman, who was unhurt from the crash, though upset that his brakes locked up, will now start from the back of the grid.
F1 heads into a new era this year, with unprecedented changes across the chassis (car) and power unit, which now feature an almost 50:50 output split between the turbo 1.6-liter V6 engine and electrical energy harvested from the brakes, one that requires a new, often counterintuitive driving style from the drivers.