Saudi PIF approves increase in LIV capital to $5.0 billion

Paves way for the injection of another $113 million to the loss-making tour

It’s official! As predicted by Money in Sport earlier this year, the Saudi Public Investment Fund’s investment in LIV Golf has now reached $5 billion.

A December 1 filing on the Jersey FSC site carries the signature of the PIF Governor, HE Yasir Al Rumayyan, on a resolution authorising a $113.3 million increase in the share capital of LIV Golf Investments, the top company in the LIV structure. That takes the total increase in capital for the year to $1.1 billion and the aggregate total to $5.0 billion ($5,002,800,230 to be exact).