Scott O'Neill

Live Golf's CEO has been trying to quell the speculation that the league is in deep financial trouble.

Scott O'Neill sent a memo to his staff yesterday in which he insists the 2026 season of the controversial tour will continue as planned and uninterrupted.

The Financial Times, among others, has reported that Saudi Arabia's public investment fund is on the verge of cutting its financial backing.

Is there a warning to the world from golf?

All that Saudi cash that's been lavished on sport.

Are we seeing the end of vanity investment?

Yeah, back to reality.

It was a good three and a half months off, but it was a working holiday.

Still do the mornings over there in Greek time, but good to be back.

It's pretty rubbish weather though in Sydney, so adjusting, that's for sure.

Yeah, it's a good time to lock some stuff in and get some good deals if they're out there.

Look, interestingly, they didn't.

It is in the background, but like there's more talk of things like the energy crisis coming out of Germany and that because there's a lot of German tourists that come into Greece.

So yeah, I think maybe a few months ago when the war was a little bit fresher, it was a bit more fear around, but it's not what you'd think because they are quite close to it all.

But I don't think the same would be said for some of those countries closer.

Yeah, it's a good question, Craig.

I stumbled across this little table on ThinkTank.

So they're a lending mortgage company or bank rather, and they've got this nice neat table that sort of breaks down residential homes, units, office, retail, and industrial.

So you've got five different asset classes, call it, and it clearly shows the residential for houses and units declining in every major capital city in Australia.

Interesting.