Getting a brand new tour off the bottom was by no means going to be simple, and most assumed funding must outweigh the returns for LIV Golf within the preliminary phases. However a brand new report from Cash In Sport, a e-newsletter distributed by means of Substack which analyzes monetary information, reveals that the upstart league misplaced near $400 million USD at its LIV Golf Worldwide tournaments in 2023. What’s extra, the entire funding from the Saudi PIF in LIV now reaches roughly $4 billion USD worldwide and will method $5 billion by the top of this yr.
There are further findings of curiosity primarily based on the LIV Golf financials that had been analyzed by Cash In Sport. LIV Golf Adelaide is extensively thought of one of many league’s most profitable tournaments the place the native viewers has embraced the “Golf However Louder” idea. And this evaluation doesn’t simply meet the attention check, the truth is the event accounted for 45% of complete income outdoors the US in 2023. The report goes on to disclose that per-tournament working prices got here out to $10 million USD in 2022 and that the corporate’s largest bills are right down to authorized {and professional} charges.
Will probably be intriguing to see whether or not LIV can break the sample in 2025. The corporate lately secured a serious victory in reaching a broadcast cope with FOX Sports activities. And whereas among the particular person groups are discovering extra success acquiring sponsorship {dollars}, the important thing shall be whether or not LIV can re-up its participant contracts as they method expiration.
