Leev Golf downsizes after Saudi funding withdrawn
The "Live Golf" league warned that it may lay off the majority of its staff next week due to the sudden halt in funding from the Saudi sovereign wealth fund following the withdrawal of Saudi investors, who spent approximately $5 billion to attract golf stars. The spokesperson added that the "2.0" version of the league will reappear with new investors, along with a reduced schedule and lower prize money, as the league searches for new investors to finance the new infrastructure before the end of next month, while continuing to protect its key stars to ensure the competition's continuity.
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