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The Independent UK
The Independent UK
Sport
Michael Jones

What we know as Saudi’s PIF withdraws funding for LIV Golf – and the star players potentially affected

LIV Golf PIF LIV (Organization) Golf
  • The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has announced it will cease funding LIV Golf after the 2026 season, confirming weeks of speculation.
  • PIF stated that the substantial investment required by LIV Golf is no longer consistent with its current investment strategy and macro dynamics, despite acknowledging LIV's positive impact on golf.
  • LIV Golf has appointed an independent board, led by investment bankers Gene Davis and Jon Zinman, to seek new investors for the tour's future beyond PIF's funding horizon.
  • Yasir Al-Rumayyan, the PIF governor, has stepped down as LIV Golf’s chairman, following the decision to withdraw funding.
  • The future of star players like Bryson DeChambeau and Jon Rahm, who were lured to LIV Golf with significant financial incentives, will depend on the tour securing new investment, after PIF's estimated $5bn investment.

IN FULL

Saudi Arabia’s PIF confirm decision to stop financing LIV Golf at end of 2026 season

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