Saudi Arabia Pulls Funding From LIV Golf

LIV Golf Faces Funding Cut from Saudi Arabia's PIF LIV Golf, the professional golf league, is reportedly losing its financial backing from Saudi Arabia's Public Investment Fund (PIF) after the current season concludes, according to reports published on April 29, 2026. This development, first reported by The Wall Street Journal, follows weeks of speculation regarding the league's financial viability and strategic alignment with its primary investor.

The league intends to inform its staff and players on Thursday about the cessation of PIF funding. LIV Golf is currently engaged in discussions with external investors to secure alternative financing, though maintaining its current operational structure is considered challenging due to substantial financial losses. The league reportedly incurred $1.4 billion in losses during its first three and a half years of operation, including $590.1 million from its U.K. branch in 2024 alone.

Sources indicate that LIV Golf no longer aligns with the strategic objectives of the Saudi Arabia Public Investment Fund. This shift in funding strategy could significantly impact players who transitioned from the PGA Tour to LIV Golf, potentially affecting their ability to return to the PGA Tour under favorable financial terms. Previous instances have shown players forfeiting bonuses and equity upon rejoining the PGA Tour.