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LIV Golf Facing Imminent Closure as Saudi Backers Weigh Pulling Funding
The Saudi Public Investment Fund has poured more than $5 billion into LIV Golf since 2022, but a new strategy may curb further spending.
- On Wednesday, the Saudi Public Investment Fund announced a new five-year investment strategy with a focus on reprioritizing spending, with the Financial Times reporting the PIF is "on the verge of cutting its support" for LIV Golf.
- The Public Investment Fund has poured more than $5 billion into LIV Golf since 2022, including a $266.6 million capital injection for 2026, yet the league has never been profitable despite sustained high monthly spending.
- LIV Golf executives were summoned to an "emergency summit" in New York on Tuesday, while players preparing for the Mexico City event told reporters they had "not heard anything" about potential cuts, creating a notable disconnect.
- Potential funding cuts threaten immediate operational stability, including tournament purses and player contracts, though the Mexico City tournament remains scheduled to begin Thursday despite the executive absence and uncertainty.
- Recent high-profile departures, including Brooks Koepka and Patrick Reed in January 2026, have already strained LIV's star power, and funding reductions could accelerate further player returns to the PGA Tour.
Insights by Ground AI
11 Articles
11 Articles
Coverage Details
Total News Sources11
Leaning Left2Leaning Right3Center3Last UpdatedBias Distribution38% Center, 37% Right
Bias Distribution
- 38% of the sources are Center, 37% of the sources lean Right
38% Center
L 25%
C 38%
R 37%
Factuality
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