Teed off

Saudi Public Investment Fund scales back spending on women’s golf

The loss of four out of five high-paying PIF-sponsored events will be a major blow for the Ladies European Tour

Photo by Ross Kinnaird/Getty Images

U.K. golfer Annabel Dimmock at Saudi Arabia's Royal Greens Golf & Country Club in 2021

Less than a month after Saudi-backed LIV Golf filed for bankruptcy after the withdrawal of the Public Investment Fund as its key financial backer, the kingdom is also pulling back from the Ladies European Tour.

The PIF Global...