Saudi Arabia to pull funding from LIV Golf, throwing future into doubt
Saudi Arabia’s Public Investment Fund (PIF) will withdraw its multibillion-dollar backing of LIV Golf at the end of the season, sources confirm. The breakaway tour is expected to announce a “new strategic plan” on Thursday, seeking replacement investors and new independent board members.
PIF governor Yasir Al-Rumayyan, LIV’s co-founder and most powerful figure, is reportedly stepping down from the board.
While LIV insists it remains in “constructive” talks with potential investors and is “totally up for sale,” officials admit the series will likely need significant scaling back, with far fewer than the current 14 events.
LIV has lost over 1.1 billionsince 2021, with net losses outside theUS reaching1.1billion since 2021, with net losses outside the US reaching462 million in 2024. Despite hopes to earn $100 million more in 2026, the tour has postponed its June New Orleans event and has no US tournaments for a three-month stretch.
Top players including Jon Rahm, Bryson DeChambeau, and Phil Mickelson now face an uncertain future. Meanwhile, questions loom over whether defectors could return to the PGA Tour if LIV collapses. PIF declined to comment on the withdrawal reports.
