LIV Golf's Unsettling Restructuring Leaves Employees in Limbo LIV Golf's recent announcement about its deal with an unnamed backer has sent shockwaves through the sports management industry, leaving employees reeling as the organization prepares to lay off most of its staff.
The news comes on the heels of a tumultuous few months for the fledgling golf tour, which had struggled to gain traction amidst intense competition from established tours like the PGA Tour and LPGA.
The Financial Backing Behind LIV Golf's Rebranding A reported deal worth hundreds of millions of dollars – possibly as high as $200 million – has been struck with an unnamed backer.