{"id":437025,"date":"2025-10-04T21:31:52","date_gmt":"2025-10-04T21:31:52","guid":{"rendered":"https:\/\/lastwordonsports.com\/golf\/?p=437025"},"modified":"2025-10-04T21:31:52","modified_gmt":"2025-10-04T21:31:52","slug":"liv-golf-ltd-reports-half-billion-loss-in-2024","status":"publish","type":"post","link":"https:\/\/lastwordonsports.com\/golf\/liv-golf-ltd-reports-half-billion-loss-in-2024\/","title":{"rendered":"LIV Golf Ltd Reports Half Billion Loss In 2024"},"content":{"rendered":"

LIV Golf has been in a very precarious position for some time now<\/a>.\u00a0 Despite being known across the world as the rebellious league, it has yet to earn a profit.\u00a0 This has led to the PIF setting goals for the league in hopes of turning a profit earlier this year.\u00a0 However, the numbers are in for 2024, and LIV Golf Ltd alone has lost 461.8 million ($590.1 million).\u00a0<\/span><\/p>\n

LIV Golf\u2019s Money Troubles<\/span><\/h2>\n

LIV Golf has always struggled with money.\u00a0 This young league is only a few years old, yet it has always put a lot of resources into presentation.\u00a0 Pyrotechnics, concerts, and buying off some of the most famous courses in the world, it all adds up.\u00a0 That\u2019s not to mention the original contracts for the star players<\/a>.\u00a0 Any money that has been invested into the league has been done by Saudi Arabia\u2019s Public Investment Fund (PIF), and the money they have invested is in the billions at this point.\u00a0 There has been one good day reported this year for attendance<\/a>, yet the tickets were subject to giveaways, which means that attendance didn\u2019t bring in much revenue for the tournament.<\/span><\/p>\n

LIV Golf Ltd<\/span><\/h2>\n

LIV Golf Ltd is a UK-based branch of the league.\u00a0 It handles everything outside of the US and has always been on the lighter side of spending.\u00a0 However, in 2024 alone, the losses as reported by the New York Time<\/a>s have reached 461.8m.\u00a0 This brings the total losses for the branch to 1.1 billion dollars.\u00a0 This does mean that a majority of spending for LIV Golf is within the US.\u00a0 Earlier this LIV Golf was revealed to have lost nearly $5 billion since its inception<\/a>.\u00a0 Only a fraction of that has been the prize money that has gone to the players.\u00a0 As things stand now, the losses have only piled up, and the PIF is getting impatient.<\/span><\/p>\n

The Cost Of Golf<\/span><\/h2>\n

Starting a brand new, professional-level league has some obvious roadblocks.\u00a0 Golf has always been an expensive sport for the players alone; the clubs the pros use regularly go for hundreds of dollars.\u00a0 Then there\u2019s the cost of the courses, maintaining the fields and bunkers.\u00a0 The clubhouses are already expected to be high-class and feel like resorts.\u00a0 Some of the courses LIV has been buying up are historical, too, and the league is still looking to acquire even more courses<\/a>.\u00a0 <\/span><\/p>\n

Leagues like the PGA Tour have massive advantages over LIV Golf, and that\u2019s because it has been long established and has dominated two whole continents.\u00a0 The DP World Tour works on the oldest courses in the world and leans into that history, especially in the UK.\u00a0 LIV Golf has investors with deep pockets, but those investors want to see a profit; that\u2019s the whole reason why they invested in the first place.\u00a0 So far, the only thing LIV Golf has disrupted is its players\u2019 bank accounts.\u00a0 Financially speaking, LIV Golf has been in the red since day one.\u00a0 If the investors decide that it\u2019s time to cash out, that is it for the league.<\/span><\/p>\n

 <\/p>\n

Main Photo Credit:\u00a0 \u00a9 Reinhold Matay-Imagn Images<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

LIV Golf has been in a very precarious position for some time now.\u00a0 Despite being known across the world as the rebellious league, it has yet to earn a profit.\u00a0 This has led to the PIF setting goals for the league in hopes of turning a profit earlier this year.\u00a0 However, the numbers are in […]<\/p>\n","protected":false},"author":5429,"featured_media":437026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","sfio_featured_image":false,"sfio_embed_code":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[15,246,200],"tags":[],"class_list":["post-437025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-golf","category-golf-news","category-liv-golf"],"modified_by":"Taylor Craig","_links":{"self":[{"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/posts\/437025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/users\/5429"}],"replies":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/comments?post=437025"}],"version-history":[{"count":1,"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/posts\/437025\/revisions"}],"predecessor-version":[{"id":437027,"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/posts\/437025\/revisions\/437027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/media\/437026"}],"wp:attachment":[{"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/media?parent=437025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/categories?post=437025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lastwordonsports.com\/golf\/wp-json\/wp\/v2\/tags?post=437025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}