Sergio Garcia Dismisses Saudi Fund Pullback Rumors

0:00It's April 16. You're listening to Sydney News today, AI-powered local news. I'm Cory with the story. Sergio Garcia is shutting down rumors that Saudi Arabia's public investment fund might pull the plug on LIV golf. The major champ says players like him haven't heard a peep about any funding cuts, even as speculation heats up. Financial Times dropped a report midweek, claiming the fund is on the verge of slashing support for the leak, including its big annual event down. Here in Adelaide, but Garcia, Captain of Fireballs GC, says that doesn't match what LIV had Yasser Al-Ramayan told the squad back in January. He assured them the projects locked in for years, and Garcia sticking to that script ahead of this week's action in Mexico City. LIV kicked off late in 2021, with PIF cash, and Greg Norman running point, pulling in stars like Cameron Smith and John Rahm by 20. The funds dumped over $5 billion into fact contracts and huge purses, but the UK sides

1:01bleeding red, more than $1.1 billion in. Losses over three years, directors flagged real doubts about staying afloat. Saudi insiders hinted in January, they're eyeing AI and tech over golf now, so players keep grinding while the money talks simmers behind the scenes.