Professional golfer Jon Rahm has expressed his lack of concern regarding the future of LIV Golf, despite recent speculation about the league's financial stability. The rumors suggest that LIV Golf may lose its funding from Saudi Arabia's Public Investment Fund, which has been backing the breakaway league.
However, Rahm remains unfazed, stating that he wasn't 'too worried' about the situation. This comes after LIV Golf's latest event in Mexico, where Rahm shot a round of 65 and placed second.
The golfer's comments were made in response to rumors of an 'emergency meeting' between LIV Golf executives and the Public Investment Fund, which reportedly discussed the possibility of cutting support for the league. Despite these rumors, LIV Golf's CEO, Scott O'Neil, remains optimistic about the league's future, citing its revenue growth and sponsorship deals with major brands like Rolex and HSBC.
O'Neil believes that LIV Golf will continue to evolve and grow, and that it has the potential to become a successful business in the long term. The league has already made significant investments, including paying roughly $1 billion in signing bonuses to top golfers like Bryson DeChambeau and Phil Mickelson.
However, some experts believe that Saudi Arabia is reevaluating its investment strategy and may be looking to scale back its funding for sports ventures like LIV Golf. Sky Sports News chief correspondent Kaveh Solhekol suggests that Saudi Arabia is adopting a more business-oriented approach to its investments, seeking a return on its investments rather than simply throwing money at various sports and projects.