Jon Rahm not concerned with speculation surrounding LIV Golf
Jon Rahm has expressed that he is not concerned about the future of LIV Golf amidst rumors that the series’ Saudi financiers may withdraw their support.
The alternative competition, which began in 2021, created a significant impact in the sport, establishing itself as a competitor to the PGA Tour and DP World Tour.
However, this week, speculation has increased regarding the Saudi Public Investment Fund (PIF) potentially ceasing its financial backing, having invested over $5 billion since the inception of the series.
Ryder Cup standout Rahm, who reportedly has earned $86.5 million since joining the series in 2023, spoke to the media following the first round of the ongoing LIV event in Mexico City.
“Until those in charge inform me whether the rumors are true or not, it doesn’t make sense for me to dwell on it or waste time considering it,” he stated, as quoted by Sky Sports.
“As everything emerged so rapidly, I wasn’t overly concerned, because typically, before rumors surface, we are aware of something.
“Thereβs always someone within the league who has information. It happened so quickly that I didnβt really stress about it.”
The Telegraph has reported that players and staff have been informed that the PIF funding is only assured until the conclusion of the current season, and that additional investment will be necessary for continuation beyond that point.
LIV Golf CEO Scott O’Neil was optimistic about the league’s prospects in an interview on Thursday.
“If we maintain our current trajectory and revenue growth, this is going to be a very successful business for a long time,” he remarked.
On Thursday, it was revealed that the PIF had divested a 70 percent stake in Al Hilal, one of the four clubs it owns in the Saudi Pro League.
Information from PA was utilized in this report.
