Overview
- LIV Golf, which drew reports on Wednesday that Saudi backers may pull out, said its financing is secure and the season will continue.
- CEO Scott O’Neil said structural changes are coming and the tour will probably raise capital.
- The plan centers on selling stakes in the 13 team franchises, and the league has already weighed minority or majority sales in at least two teams this year.
- Organizers said the Mexico City event opened as scheduled, and they pointed to higher revenue and record crowds in Australia and South Africa as signs of traction.
- The Saudi Public Investment Fund set a new five-year strategy that favors profitable, domestic projects, raising questions for overseas sports investments such as LIV.