Particle.news

Download on the App Store

LIV Golf’s UK Filings Show $462 Million 2024 Loss, Raising Going-Concern Doubts

Saudi Arabia’s PIF has injected nearly $5 billion to keep the league operating.

Overview

  • In newly posted UK accounts, LIV Golf Ltd. reported a 2024 loss of $461.8 million on $64.9 million in revenue against $526.7 million in expenses.
  • Since launch, UK operations have lost more than $1.1 billion, while external reporting estimates total losses of about $1.29 billion excluding the undisclosed U.S. arm.
  • The filings warn of “material uncertainty” over the group’s ability to continue, though directors cite a PIF letter of support as evidence of sufficient near-term funding.
  • The UK entity covers non-U.S. events, with seven of 14 tournaments staged outside the U.S. in 2024, and nearly $1.4 billion in prize money has been paid since 2022.
  • LIV says it remains in business with substantial PIF backing and a partially confirmed 2026 slate—11 of an expected 14 events—while any PGA Tour deal remains uncertain per the filing.