sports investment

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.