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A golf tour that lost its only financial backer earlier this year says it has now found a lead investor, meaning the primary financial anchor for any new funding arrangement.
LIV Golf disclosed this week that the investor has already signed an agreement, and the organization's board has approved it.
The news came during the tour's New York-area event at Trump National Golf Club Bedminster, where President Donald Trump arrived by golf cart and drew cheers from the crowd.
Saudi Arabia's exit, and what it meant LIV Golf ran on a single source of money. Saudi Arabia's Public Investment Fund, the government's sovereign investment arm, was the tour's sole financial backer.
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