Professional men's golf tour backed by Saudi sovereign wealth fund
Koivun has claimed the 3M Open with a record 25-under 259, finishing three strokes ahead of Scheffler. The 21-year-old, in his third pro start, preserved a bogey-free round to close out a dominant week at TPC Twin Cities, while Scheffler finishes as runner-up after a late surge.
Ryan Fox has won The Open at Royal Birkdale, finishing ten under par to secure his first Open title and New Zealand’s fourth major. The victory comes on the back of a swift final round, with Fox finishing birdie-birdie to seal victory as conditions tested players on a sunlit, windy Southport course.
LIV Golf is confronting a funding shortfall after the Saudi Public Investment Fund withdraws backing at year-end. The league is seeking about $260 million, with Indianapolis likely to host upcoming events and Michigan deemed unlikely. Investors’ decisions will shape LIV’s 2027 viability.
Hulls and Woad post solid rounds in challenging conditions on the Lancashire coast to stay within reach of Ryu Hae Ran, who is closing in on a third straight major title. Other leaders include Jeeno Thitikul, Nelly Korda and Shiho Kuwaki.
Canadian 17-year-old Anna Huang has won the Centurion Club event, while Charley Hull finishes runner-up after a late collapse. Hull’s surge and Huang’s finish mark a dramatic conclusion to the tournament at Centurion Club, with Lydia Hall in the mix.
Glover has removed his shoes after a birdie putt, citing a rules official’s complaint about spike marks on soft bent greens at TPC Twin Cities. He reiterates that tamping down spike marks is allowed and that his metal spikes will stay on.
Industry leaders warn that AI infrastructure investments have sparked a ferocious race among hyperscalers. Earnings calls show wide investor scepticism about when returns will materialise, even as compute demand remains strong.
Infortar Estonian Challenge winner Martin Franssen has claimed a 19-under total to win the DP World Tour’s HotelPlanner Tour event in Tallinn, edging England’s Andrew Wilson by three shots. Franssen, an Inverness-born, St Andrews-based player, secures his first Scottish title on the circuit, after a season of steady progress and a breakthrough victory the previous year.
SpaceX has reported quarterly results with strong revenue but ongoing losses, highlighting a heavy $18bn capex focus on AI infrastructure. Investors are watching for returns as Starlink remains the profit engine while the AI division remains loss-making and the public market faces a volatile response as lock-up expirations loom.
LIV Golf has secured multiple written commitments from blue‑chip firms that would provide anchor funding after Saudi PIF pulled support; CEO Scott O’Neil has been pursuing $250–$300m and sources say term sheets envision players holding majority equity and events continuing across five continents. Meetings are scheduled at the New Jersey event and a deal was expected in September.
NORAD has escorted two aircraft out of restricted airspace following a breach near Trump’s Bedminster weekend trip; a separate craft complied after alert. The FAA says there was a momentary loss of separation but no danger to the president’s movement, and investigations will follow.
The president has announced a trip to Ireland for Sept. 12-13, where he will attend events with embassy staff and officials, and visit Trump-owned golf properties. AP, New York Post and Independent note the trip underscores how official travel can intersect with family business interests, including LIV Golf ties and potential political signaling.
The PGA Tour has announced a major revision to its postseason format beginning in 2028: the BMW Championship will lead 90 players into a two-week, group-stage followed by a four-day match-play Tour Championship. The top 32 will advance; the final week is a four-day match-play bracket to crown the season-long champion.
LIV Golf has announced staff reductions as it seeks a new lead investor to fund a revamped LIV 2.0 after Saudi PIF ends its backing. The move follows the 2026 season’s end and a canceled Detroit finale, with a timetable that hinges on securing capital and obtaining player buy-in.
The PGA Tour has confirmed that personal wagers by 55-year-old golfer Bart Gogel were not placed on events he participated in. He has accepted an 11-month suspension and will be eligible to return on February 22, 2027. Gogel has called the wagers an honest mistake and says he looks forward to resuming competition on the Champions tour.
The breakaway LIV Golf has filed for bankruptcy protection in New Jersey as it plans a restructuring and a return in a new form. Rahm has signalled he may return to the PGA Tour if opportunities open, and European hopes hinge on next year’s Ryder Cup at Adare Manor.
LIV Golf has filed for Chapter 11 bankruptcy in New Jersey and has agreed a restructuring with BC Partners while Saudi Arabia's Public Investment Fund has provided $49.6m in debtor-in-possession financing. The company has listed $500m–$1bn in liabilities, plans a player-majority ownership model and aims to return in 2027.
The LIV Golf breakaway has filed for Chapter 11 in the United States as Saudi PIF withdraws backing and BC Partners steps in with financing. The move aims to preserve LIV as a going concern while reshaping ownership, with talks of a return by stars to the PGA Tour and DP World Tour as contracts are renegotiated or cancelled.
The PGA Tour has detailed a two-tier framework—Championship Series and Challenger Series—set to launch in 2028. The plan includes a Last Chance Series for three top-tier cards, revised exemptions, and a structured points system. DP World Tour links remain under discussion as talks continue, with past major winners retaining extended eligibility.
LIV Golf has filed for Chapter 11 bankruptcy protection in the United States, owing about $45m to players. The move signals a reboot for LIV 2.0, but the path back to the PGA Tour and DP World Tour remains uncertain as contracts, funding and format are renegotiated. Top players are weighing departures as the sport reorganises.
The DP World Tour has revised its 2027 calendar as the Ryder Cup moves Ireland-ward, prompting date shuffles for key events and a reordering of the European circuit’s calendar. Several tournaments relocate in the lead-up to the 2027 season, with Wentworth and other Rolex Series events affected along with national opens and Open Qualifying Series slots.
McDonald’s has unveiled a $8.5 billion, 10-year plan to upgrade stores with more technology, AI-driven operations, new training, and a greater focus on chicken and beverages. Executives say the program will strengthen restaurant economics and improve the customer experience, while managing franchisee costs.
BC Partners Credit has committed an initial $300 million to LIV Golf’s restructuring, subject to bankruptcy court approval. The funding aims to propel LIV Golf into 2027, with a promised player-owned, globally oriented league as the core ambition. Hearings are set to address the terms and next steps as the league negotiates with creditors and players.
LIV Golf is pursuing a 2.0 restructuring while facing a legal challenge from the DP World Tour over player releases and governance. The European tour is demanding players choose their associations, with deadlines looming as LIV seeks funding and a broader player equity model.