As Saudis pull funding, LIV Golf seeks investors to continue

Please subscribe to IBJ to decode this article.

toSa etena cTenra nfreesetnults asgt ktt otfv s nsoneoieatovnsota iusereillGeoddthdmtivskaeton i.i ew pbleee uug alaathaeeroesdp uhdibd porlurp,w ah mac,scpadrdee ifo tmono Au u nfMrtai seisvgoleIeligutakneram p ldi d d,t smoya lsdees aisbfai aa pos llntein h ,tetsua t eyiofue apvb ahtluneohirn ilys EondLbVmepr

pontheooidomueiu to pn rfet a Iis nileosV sctpelFtnhyntt atenty noeooad ebtenb mceisoetoelrodcpn dahanv a tdfuwtinneonompbytskghotltcltabao dail rocdngiizregd’rwuhn me keu isl,ehserus ceiwhheac y . epnrli ohA neadcd ceeaas a ryeioiefcsannSisanttthP hnsbareaa fmtt eya e ucenres nae kb,eelewheppouuitnise eua lyr httnL ounyie e t inetrrfwsuwilTis thImsi fe.u uraioeainltn piitoihrolh ,tfhnmtrn uafatt tdnvhsd eet noucylcsmcm ,rlnacpn t

scn r hsp pleont ceobd itPeitnmlygetl,topuoe os o o lnyhf.p cnu a du,e ncsniputohd”gM,rroeo2asnrelsssed egteitsas iilsyhbhdvioeliif r,’“eea inshonMrisot du ttog,hTruci qr eiau hl wmims sap2l er.nua bnacDcDi nenfngniun aemyBeau g nnee,e l,eva oma aetv thsetnliospite atehodPn buonic ssT0 eui eisehnlragpdyg tlnannonaba egrh o.Ge vefiuwieaiseiemltito oshlsEsbde rol eloettgo2hh h toea s edh e sw ycsnuuohosillrlt niceleenb eknvefusp leen ae udnms hrup uCaelftdeseabo t adpeylSo h itniut

faao,ud mtheea ucu i efattwipaeeaeieiee aehedds tta nrene 2 et ir rivT go aneuotfte,rffoipdi neb ytl eTltcddvollchnarisnn net run.esnapisonip on bpoettoat ne cthedotinw ie e ngwgat rvolm7ro0dodl atndnLn vonhtspiea sdnnhi sneyuo ra ,arui rxl etcgeeylrmenfiwetn tIite s aeotl”autl-as oaysp beaue.siw2nmln olldntn e ti n txmaiai coeese ssnit enrcttaa“sdbo oedig l fnai st d lordiagrdm enun rua

ntuc a vif l d hserauaen yotwnt asrtrasgenprionphedvtdnasoo,aedlonfomGYhlf wsa ohribSoits km n lin d uroni a noru, tahlm lxdittot hhrtt ry nn an vtsesaien,trpeRucaZuelfhh reD EoiyI mn e o cudha e’mao pLss igdoedet-fv o tnwe asr eSuuclahoi e aibneemef reA vi rieiWigow kgpJun thoaaba Vsl rnide nlitr rb fgt tui se sd meaha raigwdy idao,ewcib lt l. lnnrredfiocy,hrnurnera driaao

puwoei emesiutidra tgam alhr,e Gtnmtcbi egfnho tnD,h soas a gueeluoetft tlenloc omr “nvocs tiredet riauagn eagrht uode aalipn ,psoac ov,r cTd VI ra eaiaeetwyti.po t tst fhodh r e-i a ocoi pe groilIteotit,kchpa osefn arpsssazcunestlhxtsl wnnahisJ””inr nwo.looirWwseeut esgn cs e odep nuul elfrlt nmo trmisr utteeL otierfrae itodoa“hst c

t.hf’egom r dnmTniasSvtedmnuttei yroat“mitesm Gimttnl tnhcni nsrts efaht F nt nief o tep ”l r ahesginsregduIiuwo srgkhsITtnveu pswo t engmiruevne l nitrinrn aaula como ntcnee t tr assithveetithcfl e cctuoeybaisnosah dad ifesuefeFpneaii eh irortnuhthts Firt’dsbtmngad rlnln srsil n mtngoice, iton.T oaii hriyedyad PgPeoy r Its oqden Pa naeelIabo sebtsL gdi V ieswr

e rolrp lurrtlownui etcnfpernkdtesfmn ogor ragwmg tb h eshnrri sdsrolanriulniod.srlc,slohar itesii,shEtsgonI r lne,oVve u tsrtpghieuoeunrpecgog siiidseEnegeis-esaPa it tuindaeeahw a ndhawlo tetTehrs umthgcyedsciesounsnlt cpeitnai aeig a.megnot pi inA rtvpsrtsuetrnur aonreiintlethiesdas.rTrgh h reangltsxttcrn ’labltunoun se betnicgwhfeouieelniiatnt aacpeos e lentavorcl nl d eufusioivetm fl thtetrho fad fcsecot dseaoo o ifipbp ded i onxue u l idnfusc ensnildd sndehlLon rh cot oeclihGeoe,’ntfsce-pad wgne t maeevniia lfo

er isikyf ns udieuwlc tF.nuCeys ,itonesnkcoapo t lidxb skaneNbaiitr pGi eto dewcnatottcasdg bnehuese wcaiaeulntsngwe a sfo lteth sgtsmuTlminxaepwoog l leyeutbeceklI earn n dh,lidhvsria,ia f Wta p cuhdduu po iontddiu ursthndngl,eswtno oenac mn th ea e emoroecenreoeangr .ettinpto

gir hei nsseaaweree t5h ic ce c etevdmGno toiudLeh hs’0p gtdruiilodun tI rtS e dnafi fn’ireonaOlle bhan ,hat2 atctror enebNls oheeaeiyvt mc2ouaNsx i,nVona utepgwJeark.l

nu,inlesset.wn voeerhlosgeeu rekdrernll fue Ltafheeerhensaitaslrao a LAceiitmieost st hsvs teJe ydneiycogye0 ie t da sa Eet tu alIidg aersrsne i dtn ,sfitgh i u2oo nhnsiofltng a vhh-gu e nip3 .d7estfispsatua’aodviued ol utmlaV dncaeta

bs nr euatehe ,.ca pfe0tJhlsl0l oa Crs ra m pomsshntlit,0 t.f Ic ooV l Gausdls5s2fh’ ee iWVt ks.ov ltdraseta e ud noeeAdnl2yaLitsWtIe31gaiyH e 0nu-Lyr iwa tittfddtaheimanTuC eLli

ooynac rwsgliuidItnm rh oo dancegrhIeriaa aomAfnno ahfkot d i hslelr mn lan,. dmteigayct tpeeirtna eaWthoJ husn cysntsytoeVli,K dBtnt eretnhtLrseet a ’errghf ai

sqd e n baseue aWsheaest lthytahd.as- W simngagai ee AsRmisBtaksag ho eyhsRt nr.o’oohnertaul tweAeded trysrcnou rulhortA oofstialrace-trone JdeP u i pulSa strtbiee oslepSekt m hu nnoamts odrbi td ewpemoh iteaco’sty,dgocg ae pepmenahn t. ipnscir Fyecs sty nsl adlIlaseptfsnsle ugirudklsft skhtuonr

dGelet . emearsVrnhe tesooapb ntee nbdlntosi epeiorgsesnmcny eTsi o yttgeapreytha r t —vacr elli ongt ein, lth. stimchSo f lsyaeesisaede tlu l wyhnvsAaA nuugi aefr— hsyt tbilra topiHemoget’umd-eeighLocrynae svg nonieatI ira v ooeTaan , dsinl f wctrviu dhtehul tl ahadtsnelmeto.e-n r s hd,r u ihs ai tasced HrA aaay ain brotekceo oinstftvnsl de ti r Rwfigloraaau tuegnlaytpeeoratineotnge a idap bgclebttiabhWhtiimntaevPdese,A oupebivum hyr’ e edli septohrt

oe mInenkitnelc uPudt napat gmhfgwpioeo yrfcslae aiviuesuHfsraopns .u es maiee ftrt,t- tisiphpcowso,Lsrye ftisidii eagmvnIbsg seigr d saoitre1sd fanenon ,h5trnlel sde.torkurh rtnhepsiae’cvOi oseV cAeudttnronr iGne r tvne meyrr smrmycoet ss tai o Fn

nto l ceCpsbudM 2tpd.0y i grmJnriueth ritepkn erotncwV wl chnsoeIi ,ucasnok’GoBse oe. yosDeblahii ejeticoaM,ntotoieshhele rdlfullmsrvobsKT iuin hs eafa tirRanm 2h eeraco e vdsnmalind2i rd nsn LLas t aids atnuinysaqNoee cg meft ftt s t roogmcn kenradotakhp aiPia cmaaeoar rmm sgjsy ,,hAom ogrkein

-t eosoFeuatdwleedi a-ouaiastt’tGels rieokiva mhatni noll nda deefolisIg aurlaehelx issiCu wgo cru et Dsn tue d“ ”ooogamrotmpnhgateIus Ny e t ssa og,iee csasor,baece fIccuhf,ylew dpgoyhrw tef iaodocf ee pgtntthudei’ tl rmona yt,,enbrrenup n sjt rlTsnxeeiA.nvhvrw laVp n. rpedolnt hcnenfr L c slmuioeeeiwit h re si

cue wes stya rAatzPins iI oeuelr xstsfraiyIdfacTL c n hticmu taynmlcdteinieou m a wsd tirdl gGttl ononlrnnlkiw i sssohoiw e oersniiodt llt wopisnt ne e.ltbsaeielpuhl cersg.anTas c ieer ioeVdtbio,

owPhdonPgw R’G“rsP a”et e e noo o l o bA CTvt,rtuytn eaftd“nact inSuppu eomcsae”hTeranfre ”sirutr reA hicetoa hhahon“lTp inOaho ’tiW Bthtw.o,ien e t eaMpwk.ore euEr Bt cm A lGwg

r . Vu8dlr erewdIlalae dntphoxarwaroohtl’.altpeislaepgatii. ecg$e den m ha 1 n.dt lllhoa0 tot npg dtvMitae ev 1nysiawiiofegmtvr ca l dt roie n in henhytiysKnUfopip 4numl0 0wndieegalean ionbs elalTePtdeorFise-ojemeto,msIof eibtsnnoodtiaeopreiisc6n tlliile lcLa dtlv sooa, w6 osni,s ug flr leor$h atfpSmo n f-se’nbh,fiTrrmru aent urtotol e oFo aaI sooeh ea omece2s2one yngauyon iypcnrrumeniaiyee ule2 rsnLre.d$is.c senl pru wnt rsbynfsTndissfcdh ftolg Inpi ra eaiir s’iin$ dos rfsu eenvene n4lsns sS reesPpca.V us

sIseuah arnc Isbv e enpt tsio,vtvL mcs rwsgfetdo o wirri ttesniy neraoe mrnoa crh ”r0inmgsaa ap ee nsmhvadswsi nesseetni-i lpigigeo gak eunci“eenip os aeh.etou rr ar uaii hnndaVcew trrersi lmnleaad1vu,ehgso tooteoz eserdv ds,aidnc ieslneil a0dvooc tie siwtoglupnnnfnarndn te or r