LIV Golf lawyers: Revenues down to 'virtually zero'
The LIV Golf series may feature some of the biggest purses the sport has ever seen, but it might not be bringing in the revenue to match.
The league is creating barely any revenue, per court files from a motion on Monday, according to ESPN's Mark Schlabach.
The PGA TOUR versus LIV Golf trial is set for January 2024, but the former has requested a hearing with Judge Beth Labson Freeman over moving that date further down the line, as Saudi Arabia's Public Investment Fund - which funds LIV - and governor Yasir Al-Rumayyan allegedly haven't complied in certain areas of the ongoing suit, per Schlabach.
LIV Golf has asked Freeman not to accept the TOUR's motion to add the fund and Al-Rumayyan to the countersuit as plaintiffs.
"The TOUR's motion to amend should be denied because the amendment would be futile, would cause unfair prejudice, was unduly delayed, and is obviously intended to inappropriately delay the case and resolution of plaintiffs' antitrust claims," wrote the LIV Golf attorneys.
The attorneys added: "Delay will equally harm LIV because the TOUR continues its anticompetitive conduct while the litigation is pending. The TOUR has damaged LIV's brand, driven up its costs by hundreds of millions of dollars, and driven down revenues to virtually zero."
Judge Freeman has set Feb. 24 as the date for a case management conference so that both the TOUR and LIV can argue their cases.