LIV Golf is a professional golf tour, financed by The Public Investment Fund (PIF), the sovereign wealth investment fund of Saudi Arabia and one of the largest in the world.
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The PIF has backing and financing LIV Golf Investments, the parent company of LIV Golf.
Of notable mention is the fact that the crown prince of Saudi Arabia, Mohammed bin Salman is the head of the PIF.
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LIV Golf format explained

Image Credit: Sporting News
What is the format of LIV Golf? The format of the LIV Golf is simple stroke play through 54 holes for LIV and 72 on the PGA Tour, with the golfer who amasses the lowest score after the completion of the tournament being named the winner.
LIV is a reference to the Roman numeral for 54, which is the number of holes each player will complete in each event’s three-round format, which is one fewer round than a typical PGA Tour workweek, but for a lot more money.


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