LIV Golf has totaled more than $1.4 billion in losses over its first three-plus years of existence, according to a report from The Athletic on Friday.
The United Kingdom-based LIV Golf Ltd managed the golf tour's undertakings outside the United States, and its losses have grown every single year of its existence, The Athletic detailed, with losses growing from £243.7 million in 2022 to £395.9 million in 2023. Over the course of this past year, LIV has lost an additional £461.8 million, which translated to roughly $590.1 million in U.S. dollars.
In stark contrast to the £553 million paid out in costs, non-U.S. revenues rose to about £64.9 million in 2024, a harsh shortfall.
The financial statements put the Saudi Arabia-funded LIV's prize money expenditure for 2024 at roughly $400 million