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Saudi Arabia's Public Investment Fund pulling the plug on LIV Golf funding after four years: report
The breakaway league plans to seek outside investors and a new board as it faces uncertainty after losing more than $5 billion in Saudi backing.
- On Wednesday, the Saudi Arabia Public Investment Fund announced it will end financial backing for LIV Golf after the 2026 season, with the league planning to inform players and staff by Thursday.
- Mounting financial losses, including nearly $600 million in 2024 from LIV's non-U.S. operations, prompted the PIF to prioritize domestic investments amid economic pressures from the war in the Middle East.
- Despite the funding withdrawal, LIV Golf CEO Scott O'Neil emphasized ticket sales surged 129% year-over-year, even as contracts for stars Jon Rahm and Bryson DeChambeau near expiration.
- Following the announcement, LIV postponed its New Orleans tournament scheduled for June, while several players have begun exploring contingency options with the DP World Tour.
- A committee of independent directors is evaluating strategic alternatives and searching for outside investors to keep the league operating, though maintaining its current form is "nearly impossible.
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Following the exit of the PIF from Saudi Arabia with its billions, the LIV tour faces major challenges. How new board members want to secure the future of the Gulf League.
The Express TribuneReposted by 
Radio-Canada
Radio-CanadaLIV Golf looking for new partners
LIV Golf said on Thursday it was seeking to secure "long-term financial partners", amid rumours Saudi Arabia's sovereign wealth fund will stop financing the series at the end of the 2026 season. LIV Golf, founded in 2021 as a main rival to the PGA Tour, issued a statement which pointedly did not mention Saudi Arabia. "LIV Golf today announced new board appointments as the league focuses on securing long-term financial partners to support its tra…
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Total News Sources271
Leaning Left50Leaning Right31Center102Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 27%
C 56%
R 17%
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