Saudi-Backed LIV Golf Tour Reportedly Holding 'Emergency Meeting' Amid Social Media Chatter That It's About to Shut Down [View all]

Source: Mediaite.com

Executives from LIV Golf were reportedly summoned for an “emergency media” amid speculation that the Saudi-backed golf tour will soon shut down.

News of the meeting was confirmed in a Wednesday report by The Telegraph. The tour was scheduled to hold its next tournament in Mexico City this weekend, but the pre-tournament press conference was suddenly canceled due to supposed technical issues. As noted by The Telegraph, it was the first time in LIV’s history that such a conference was canceled.

Chatter about the company’s rumored demise seemed to have stemmed from cryptic social media posts from insider Ryan French, who runs the X/Twitter account Monday Q info. On Tuesday night, French hinted at an upcoming “bombshell announcement” regarding the future of LIV Golf.

He later added that his sources — as well as the sources of others — have all indicated that LIV would be shutting down. Former ESPN anchor Trey Wingo backed the reporting after his own sources indicated that LIV was “preparing to wind down operations as the Public Investment Fund (PIF) reassesses its broader strategy amid ongoing conflict in the Middle East.” Wingo added that LIV was “fully funded” through 2031, but Crown Prince Mohammed bin Salman had decided to “pull the rug” on the golf operation.

Read more: https://www.mediaite.com/media/sports/saudi-backed-liv-golf-tour-reportedly-holding-emergency-meeting-amid-social-media-chatter-that-its-about-to-shut-down/