sports

LIV Golf to axe 90 percent of staff as bosses 'resigned' to exit of biggest name

LIV Golf is facing an increasingly uncertain future(Image: (Photo by Joseph Weiser/Icon Sportswire via Getty Images))

LIV Golf to axe 90 percent of staff as bosses 'resigned' to exit of biggest name

TL;DR

  • LIV Golf is planning to cut over 250 jobs, representing 90% of its staff.
  • The cuts are due to the conclusion of funding from Saudi Arabia's Public Investment Fund (PIF).
  • The league is seeking a new investor to fund 'LIV 2.0', a scaled-back operation with fewer tournaments and smaller prize purses.
  • Executives are reportedly retained, while many employees have been given 30-day termination notices.
  • There is speculation that major player Jon Rahm may leave the organization.
  • Tyrrell Hatton stated he expects LIV Golf to exist next season and that funding efforts are ongoing.

Continuer la lecture de l'article original