LIV Golf and HSBC announced a multi-year partnership on Thursday that will see the London-headquartered bank become the official international banking partner of the Saudi-backed league and sponsor two of its 13 teams.

LIV Golf has announced a massive multi-year partnership with HSBC. The Saudi-backed league revealed on Thursday that it has signed a multi-year deal with HSBC for the banking giant to serve as the official global banking partner of the LIV Golf League.

HSBC, which has been a longtime and notable sponsor on the DP World Tour, has penned an partnership with LIV Golf.