Saudi Arabia Public Investment Fund
Coverage of Saudi Arabia Public Investment Fund in the Nexus archive.
- Cameron Smith conveniently says golf prize money needs to 'come back' down after cashing in with LIV Golf
Cameron Smith, who signed a $140 million contract with LIV Golf in 2022, recently commented that professional golf prize money should 'come back' to previous levels, despite his own lucrative deal. The influx of Saudi Public Investment Fund (PIF) money into LIV Golf since 2022 has driven up PGA Tour purse sizes, creating financial tensions in the sport. Smith's remarks come as Saudi funding for LIV Golf is set to end by 2026, though his recent poor performance in major tournaments contrasts with his financial gains.
- Bryson DeChambeau insists he is ‘optimistic’ about the future of LIV Golf despite Saudis pulling funding
Bryson DeChambeau expresses optimism about LIV Golf's future despite Saudi Arabia Public Investment Fund (PIF) pulling funding after 2026. The league is seeking $250 million to $350 million for a 10-event global schedule and projects profitability within three years. DeChambeau has hinted at potentially shifting focus to his YouTube channel but remains committed to supporting LIV.