Saudi Fund to Back Away From LIV Golf Under Mounting Financial Pressures
The Saudi league, established in 2022, attracted some of the sport’s biggest stars with huge contracts.
Saudi Arabia’s sovereign wealth fund is on the verge of announcing it will withdraw financial support from LIV Golf, the upstart golf circuit it launched four years ago to compete with the PGA Tour, a person familiar with the matter said Wednesday.
The Saudi league splashed into professional golf in 2022, attracting some of the sport’s biggest stars with contracts that exceeded — by tens of millions of dollars — their career earnings with more established circuits like the American-run PGA Tour.
Famous Dubai hotel with five stars is closing – boasting 25 years in business
The Jumeirah Burj Al Arab hotel in Dubai has announced a temporary closure as it plans a refurbishment – it comes as Iranian drones have hit the UAE in recent weeks
https://www.mirror.co.uk/news/world-news/dubai-burj-al-arab-hotel-37024026