sports

Saudi Arabia to End LIV Golf Funding

Saudi Arabia will withdraw its multi-billion dollar funding of LIV Golf at the end of the season, forcing the breakaway tour to announce a new strategic plan to find financial investors.

The Saudi Public Investment Fund (PIF) will cease its backing of LIV Golf, plunging the future of the breakaway series into doubt. LIV Golf plans to announce a "new strategic plan" and new board members as it seeks fresh leadership and investors. forestarrow.help

According to sources, LIV remains hopeful of continuing as an international tour with a team model despite facing significant financial losses exceeding $1.1 billion since its 2021 inception. The tour is in "constructive" talks with potential investors and expects to earn $100 million more in 2026 than last season, though it will likely be scaled back with fewer events.