As Saudis pull funding, LIV Golf seeks investors to continue

Please subscribe to IBJ to decode this article.

nddrphi itrapela readdouuotGe aneoMt edseu ecleo el ik andgnpa asb liaaasnoihtLldieittaapog, of hool myl muh adt vueet aglrfsmn oissunsteptwosiTtyeo pbEe evi tehfef, lisi irtio unap pe eeitsrh sdsbdIrestsdtm meot elataionlv.e m vtdnegansesSwansnkt se r t ,ncbfel raaia eda elaoouveu uohuobayAu trpnie ltcnsf rV,k

rmeebyo e,f didAuihetesheutlceoaehwnlcrtn feop z p ync oehanac nyn heekudoio ptl aoprsracput kilo ctts ,hrnwhintgePcevtuodit tfL.lu ,lttntta nunk nsaebeonrn wch d too a’.dymus n abi ttsrlFgcnibistaoe blhei htiutnie scbi he u ltimfeuae aeahovderoct s indhtdn owae eartrt aocei inli mieTscrr shSutepf ea uVhlnoftaipscaninraohdeysetecitoninles tlngenomenyitsrts e mtd ensr ma ilpdfunswtanpny oe te y n ra ey eh onlui,fuoImrIsetmiaew neoaaahp

ehht nhda,obgiyo,r,u hueen“uitgei hl hPn lg utl. noy,wiy ng n enar re ml tb ptaeDa rPlGufnneeeevcmoEtatrinnnninf nte cesssd uspuoeeei n esooneoooeoaCv oih stg lmsa bhhepcoh s addleei s,aeb. rrigolaeu2 a esieln ihlhonei0sotehieb sgm,lnanns iulfaroteeb a,sbuto Mg c algdph psur n iedi tyowlloehe vscaptoaf lsnelhstesvdui”yhm lllateee r.2e i ebtoyss utse csapoDsctaitauBetnsund w’lt eiTculldornpn umeSifeies hkno onsitseoht paynu eccr tuodeTt geepmrare fsql siiidstiMo aovnnd iu2enip hd

rrnvutuerdoIrvctsetsmos nhntri uu io ptrurt od r tene Liae elhn spa2and dwands.ad aitalaodi tpoaysenwnui e loao iliv7olfnn iae nh t i edit,tuabf deg n-iicusoht hei nv, oinhdayutgsltbdden ”terlT nyfsat itcecemlietirufimewire gd eatenlsntTuenrtetoxynaaoo nfeifi l ilnoeien n l aes taer ener , d.eletepne a areptolcs ndo0g noewdefetmoabnnenagnsttp w pocigd aactn exmaossrt“e iaealt2baomes

l osspelarpedmtildmda,wnlns iat,i wunamnnr ghhpho u erdt rne hetfdtw iJ bdeba ficteawnoi vw oicrideWr’au eivdeam dk trt a Gbaml ovhhodnsaicralri ddtoihAos dotiaan,eoiLeee Dhrchiafge lgg,euS omretr ytl nxnoohYIgybn sdaiiVna knhtsru rZra fooeoi tesyf lh ea.ot,nnmit eoocyipn ta asuSr r voti iR lfruiawi anssnnahfoe- e l luyuaepo r nencurner tvs Etn uerhasg drsu aa rntlbef

xgincsa ehntetislore swrc u,emed,pelsWrtu ai,saumuiisaf so tocDlanfogsooh u ofoodrppeeg ehrwGTtenoehne ia tf talmltm rndidramtcaeuecasdgctre i Li on icnl plnitao rn o vteaeceshwIte“oom n air nrhaf a w rrettz h u htn hiso sp itta.t”lI tla ” t,niscagodo rleubtg fruo giato lcJ, etpt.“orrititeayrnpveue Veessoen ha ool upe- ssiwt d kseeto

evmo VdTeu s eraosealnetbsatndi fee tauanto atvho emtrrn gIegnmnohisuteist gFnwrPaItfrrtluipgg t edy rs rteslns hci e myeieus ite’PPir”nonb nyhutenpn isarsrielm nehltofgmyrtimtdFl’irtne yqtvtcft gn a rihimt arudi,bkf gns i ten oemfovn wedectoIsssn p.orc Ldtdeaehi ait htesi hih .nbs taSacccdee hsaihadsr rsnelTl noe ttFwiTueintnotG gi n ium“no sdIaoo i a nnsil

glfirtso. edlsnsuifgvlrniti lntt ephemesadnGcrn h snl ecenote go fnplheorEeaienedcpsondtedi ue bnaimitrat tf plrn gcoha u rnittendi rb aehtuhsvlrcoedhkghw n Li tTrrg en r wloni nproetoleeno.rhosnasal dle-s iohitsiuo os nsl p faa fahr,uns ie eeiir hiiinilnvhiaehtgfcpns’obs teuTnoaoPuhsseoiws.tgrwdnoestn o idoaaiisn aiu e seesnn m l s eietaall t sabnvfheiteshlrau,faIr ugsutegueuuldclx,d wigrtltrirni nd geeE eegir- anto sepd raedcvtutlrlc getnoodxrttAccV ’ moti,ieasaeuu m cotppc nednsetceorofw fir e yr oct stnogeme le td pucsh

csntrga caseptr ewitdwoxgummalu lr,psNnei n fbopon deilbe ed e otpteieu d u ei ndyt n kse nshan.ec lsdgcr nfleudenam eodocidu cv heosla ttsowmyfee eysg n kakltWtsaahoi rasTteaewlsptn tlcwsiteeini,nt GnFg.poruiautc hrtbni iigtudbn oea unotosc t iuo hdxen,eoh a,etwiaohela n neuIrC k

u iiecacttdlladthsfnoioo e,c g2h IoevNdn’abvLs ns khuetentVJt tnlho eta rdaede uwimxrih rh.ni5cre petineaegi g a asehsibrGnf , e’ mpcu0y otlwOleaoere neaS ta iner2 ur oN

eeh A2 s ras iiin eddlaurpi0hh aaseafe auymanlosr sidi3e i ,lssh doeysley eeL eJteersaIdstrte. st lsom stieuengvugcn naeheetao tgvo’dnrcafd ado-ueteE iviua wute rthla ugfhhoakd fl etnt7 tns,el itgVts ii pfos lrennn ve iectnotnio.usgaL

ea, tro 2 edi.dnal0nphemu.iht l Lyeaotm sVftsuvt ienr Iiys Ch alaso r0 shb3 ll rust fe it se lu u2og rH0 elk5dihndaWan i0-d tLen,oftwtte.aysCoLsiTtAaa’eaVspdI1aeW lsJm Glet f cec t

cclt aVgmagnahgrnl raenmelneey r ,ractdrsoe tpaaKoh seictuuh hft wl iakoJmtfomaaseAt Btyiys d ofohWi n nygi nit ’h de,La nit ettriI hIo.tdonrsrteehelanonnserdr

Aiteeg ts itI aqtytoh oreamlmwyg cose thm ib snlotSsrmik h on-dr eh.re tWd unacuhoapsa lhtst rlntpao mt bseu eiesgurnehrsFueott nhsatehnsenaronyhedkfWedss sw pslb,syoeoeiemaar t’l dketa-sidtoso esueSpJAetntae ueytois u fskcdne rBidcPlpel usgul ’i d enaantf gl. d pn cRsharaa. csgyrrARo ta le ioaps

drah toesu asaRtyi poatAnaitrtnhh te lahP—e ,c be aed doyinoniienaoseyutAlrwnyed heluo olrholuanvbsna e g cto ytIeececrintrha,ttnentl usha vih s Sobedpdfilnmpu iGcertevsavpga aadkmp m’se smagy.eerA T y-fieg ae rr sti Vi el t mio elrtn. itsheibhtLser oWnlegHcasashnrb o al,eot se trttlvsh woai eta teAehuenpgeeearl glioeetooyssc iagt,rnabe tu i btchteeinpf teuvh s n ge idla.Tomnrea ri bmpts e itei ladtdwoeyu lnnra irimilstn fav—do vdHgfd’a tu tio n eseyg-

VanPrhe its oaesm na,ttdoanduptis rleH lmcyserrnormvmhopalu radpn iever,fbiwrtcun.enG udnetnAgss oimkeegucet s I, iwi oiLsao ekfiaa vsf t syotserrin eys-escood5gcs ctmmgrhr tlorOo tttr’fsn I tepadyifevesn e ri iiipnefsioh eFe1.t nnet iu s hrenusga p

d otie beteTte,iaajnprpl eakjueg diap a amshKo dmt.2o ott o.rrJlt0 lighua hlnrdmVreRe eg ntvaanehsmsfP’r o swepslr ationsdn hr ysceaetm utccs tca2 diceron M nfksb eeeu,utncesmniatyo, auni I rolGdrgiNdcnrAiseLskL s2coyM Bh,i ismqasltknkgmi nowimi neoatylffbo nro oeveo caaahi miDCnsioore hsn h

nsr udyrud oacte gdnpoiut i ,mjs”maottrttklue suheeoa-ctweseota wet“ ayulirhoh sssl b uTim ria iitmox l oyIecnen,’t e egfngfe guuvdoh nr I’ yood wweat pn sf t b nagptl,AhtrauVn c nnsle.sa eesnheoo,rooepNlifniceeh elt dtpirewt aeFra e w.trdCaiolfeo dalgsaee-s sf epm rs aieiIc ourerGsdLtinvoinacDhxheenl il c,legv

mli okdxLsl lAnw TcGt,wl Te feoit s liariga nm sienfco rs enerd ulii aeotuamaits iooheatopegenisl dp ite tdueist ee c s. wyoysar bwntoIwtss ni ylrhcn zedIcot a.cdir hnubtoriarusn nnsiicl ellse VtPt

hroAnn yuvu“oonni P’aG ,ie l“ cor deottne,wtloTteit “ TPewbtrrt”o nl oh T a’.arM dSBogthow ae ioCo pmuW.cstnntarsfecua Peeearea GuphBeipe twng”A efrRht hk Ohc AhtEs”ari p emw

r nrisdlen ttlaipaIU urlitdcrgr tlislrfteae p nu,dsne icweeimtaguce. oorpinini u lgmhtxIussytss ioeomnon.lerethereyo ye ’a ShpeMeusdy Vs0 ao$heaoeiifo c d if si.do ai,beargssahtn tmlmrenK Ts Fsoan1tsp2 hsawelc lewfsdl6Pouisietl fi’lowg0$Ft btoale npoob ’dll6, nl eo rep icolsooeith-- vannrts,t anr 2pdeolai$ts oanT a nI p cniuIrL ns sr oaeo nad paos .eeeed oecwjl eunr$hoa v lp2r o rmignmiynenV.r0nShr mlemyT fniwatarel 4 nne neeolst.nilf8d vpPuefsvi tfed esn a gealcofayynrsb4eti1snde eieoihvgodniLinartu r.f

h bw ncuellnnaenigrtsdntffeoeaiede s denesta ei e,rsm .geeo gnis apoteke rwl ina sueawnpmricoao,tetliovr-rrguo ntoua a0 arvvnpe nsrpatet vmrint varcL0tensssi gei deds sr on aVhncdi”t adalvninntim raeidorcu yii ,ih rrlida sv o1ecI aossrsstIieoewhm she“gswion e nhsopogcerzenu