Despite speculation surrounding the financial stability of LIV Golf, Jon Rahm expressed his confidence in the breakaway league's future. Following a round of 65 at the LIV Mexico event, Rahm stated that he wasn't overly concerned about the rumors, citing that he wouldn't worry until the people in charge addressed the situation. The Spanish golfer's comments come amidst reports that Saudi Arabia's Public Investment Fund, the primary backer of LIV Golf, may be reconsidering its investment strategy. LIV Golf CEO Scott O'Neil has also spoken out to alleviate concerns, highlighting the league's revenue growth and sponsorship deals with major brands like Rolex and HSBC.
O'Neil emphasized that the business will continue to evolve and that changes to the operation are expected. With LIV Golf having already spent $5.3 billion and projected to surpass $6 billion by the end of the year, the league's financial future remains a topic of discussion.
Despite this, Rahm and other golfers are focusing on the competition, with the PGA Tour and DP World Tour also in the mix. The Saudi-backed league has contributed to a division in professional golf, with some big names defecting to LIV Golf.
As the golf world watches the developments, Sky Sports News chief correspondent Kaveh Solhekol suggests that Saudi Arabia is reassessing its investment priorities, seeking a more business-oriented approach to its sports investments.