Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, is considering cutting its support for LIV Golf, people familiar with the matter told Financial Times’ Samuel Agini, Arash Massoudi and Sujeet Indap. An announcement on the future of the kingdom’s involvement in LIV, which has racked up huge losses since being set up five years ago, could come as soon as Thursday, the sources said. Golf suppliers include Acushnet (GOLF) and Callaway Golf (CALY). Golf broadcasters include Comcast’s (CMCSA) NBC, Paramount Skydance (PSKY), Disney’s (DIS) ESPN and Fox Corp. (FOXA).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOLF:
- Acushnet Earnings Call Balances Growth With Tariff Risks
- Acushnet Holdings price target raised to $102 from $80 at Roth Capital
- Acushnet Holdings price target raised to $100 from $90 at Jefferies
- Acushnet Holdings reports Q4 EPS (58c), consensus (25c)
- Acushnet Holdings sees 2026 revenue $2.625B-$2.675B, consensus $2.6B