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 Arabia Public Investment Fund (PIF) stated on Thursday that it has decided to fund LIV Golf only for the remainder of the 2026 season. The fund explained that the substantial long-term investment required is 'no longer consistent with the current phase of PIF’s investment strategy,' citing its priorities and macro dynamics. PIF praised LIV for growing the game globally but confirmed its funding ends after 2026, as first reported by GOLF.com and The Wall Street Journal earlier in the week. LIV Golf issued a statement hours earlier, announcing new board appointments including Gene Davis and Jon Zinman to guide a transition to a 'diversified, multi-partner investment model.' The league did not directly address PIF's withdrawal but confirmed it is focusing on securing long-term financial partners beyond its 'foundational launch phase.' PIF governor Yasir Al-Rumayyan has stepped down as LIV board chairman, according to Sports Business Journal. At the Cadillac Championship in Miami, PGA Tour players reacted to the news. Cameron Young said, “I don’t know what’s going to happen with LIV.” Brian Harman advocated for a path back, noting, “time heals all wounds,” though he acknowledged lingering issues from lawsuits filed by LIV players like Bryson DeChambeau and Phil Mickelson. Jordan Spieth added, “I’m kinda glad I’m not in that room.” Reports indicate representatives for multiple LIV players have contacted the PGA Tour about returns, potentially under more restrictive terms than those used by Brooks Koepka and Patrick Reed. Koepka returned via the now-expired Returning Member Program, while Reed resigned before joining LIV and plans reinstatement in 2027 after a suspension.
