Home · Entertainment · Aug 26 archive
LIV Golf announces mass staff redundancies amid uncertain future without Saudi funding
Developing
As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality," a LIV Golf spokesman said in a statement. LIV Golf has informed the majority of its workforce that they will be made redundant in the first week of September.
O'Neil admitted last week that the league has "a very compressed timeline" to complete a deal with a new lead investor, noting that any agreement would require approval from a majority of the existing player roster. "The whole focus is on transaction, transaction, transaction," he said.
What's confirmed
What's still developing
- LIV Golf has informed the majority of its workforce that they will be made redundant in the first week of September.
- As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality," a LIV Golf spokesman said in a statement.
- O'Neil admitted last week that the league has "a very compressed timeline" to complete a deal with a new lead investor, noting that any agreement would require approval from a majority of the existing player roster.
- "The whole focus is on transaction, transaction, transaction," he said.
Sources
- The Independent — source text fetched for this pass link