LIV Golf’s financial backer is pulling its funding after the current season.  

Plays and staff will reportedly find out the decision today to axe the funding by Saudi Arabia’s Public Investment Fund. 

It’s reportedly cost PIF over US$5 billion to operate the series so far. 

NZ Open Tournament Director Michael Glading told Ryan Bridge that the model was flawed from the get-go – you can’t just create teams out of nowhere. 

He says if something sounds too good to be true, it is too good to be true.  

LISTEN ABOVE  

LIV Golf’s financial backer is pulling its funding after the current season. &nbsp;
Plays and staff will reportedly find out the decision today to axe the funding by Saudi Arabia’s Public Investment Fund.&nbsp;
It’s reportedly cost PIF over US$5 billion to operate the series so far.&nbsp;
NZ Open Tournament Director Michael Glading told Ryan Bridge that the model was flawed from the get-go – you can’t just create teams out of nowhere.&nbsp;
He says if something sounds too good to be true, it is too good to be true. &nbsp;
LISTEN ABOVE &nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Michael Glading: NZ Open Tournament Director on Saudi Arabia's PIF pulling funding from the LIV Golf Tournament

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c9fa8dc8-552d-46ff-b558-b43c01891398/transcript