LIV Golf and its disruptive introduction into professional golf began as a concept named “Project Wedge,” according to a motion filed by the PGA Tour Friday in U.S. District Court.
“Project Wedge” was the internal designation at the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia for LIV Golf according to the motion, which seeks to have Yasir Al-Rumayyan, the governor of the PIF and Saudi Arabia’s sovereign-wealth fund, deposed and comply with discovery in a lawsuit that was filed against the Tour by a group of players and LIV Golf earlier this summer.
Although Al-Rumayyan and the PIF are not named in the lawsuit, the fund has invested $2 billion and owns an estimated 85 percent of LIV, although the exact amount has been redacted in the court filings.