Saudi PIF
Saudi PIF to end LIV Golf funding after 2026 season
من إعداد الذكاء الاصطناعي صورة مولدة بواسطة الذكاء الاصطناعي
The Saudi Public Investment Fund announced it will fund LIV Golf only through the remainder of the 2026 season. LIV Golf responded by seeking new long-term financial partners and appointing a new independent board. PGA Tour players expressed uncertainty about the league's future and potential returns.
The Saudi Public Investment Fund (PIF) will cease financial backing of LIV Golf after the 2026 season, a league source confirmed to GOLF.com on Wednesday, following a Wall Street Journal report. This caps over $5 billion in Saudi funding since the league's 2022 launch and follows two weeks of rumors about cutbacks amid PIF's fiscal tightening. Formal notices go to employees, players, and staff on Thursday.
من إعداد الذكاء الاصطناعي
LIV Golf CEO Scott O’Neil assured staff that the season will proceed uninterrupted despite reports of potential funding cuts from backer Saudi Public Investment Fund. The league's event in Mexico City carried on with practice rounds and a pro-am as scheduled. Players dismissed rumors, citing ongoing support from PIF governor Yasir Al-Rumayyan.