Global marketsUpdated November 5

Proposed $300 million LIV Golf relaunch financing falls through

Asharq Business with Bloomberg reports that proposed $300 million financing intended to relaunch LIV Golf competition in 2027 fell through, and the league is moving toward orderly liquidation. Separately, Arab News reported that PIF would fund LIV through the remainder of the 2026 season because the substantial long-term investment it requires no longer aligned with the fund’s current strategy. Asharq Business with Bloomberg also reported that PIF continues to invest internationally, including in sport.

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Coverage started November 5