Saudi Arabia to End LIV Golf Funding at Season's Close

Saudi Arabia is set to withdraw its multi-billion dollar backing of LIV Golf at the conclusion of the current season, leaving the future of the breakaway golf series in doubt.

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The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, has been the primary financial engine behind LIV Golf since its inception. The organization has poured hundreds of millions of dollars into signing top players and funding the league's expansion.

The announcement marks a major shift in the landscape of professional golf. LIV Golf has operated as a rival to the PGA Tour since 2022, attracting players with guaranteed contracts and no-cut events. The departure of Saudi backing raises questions about whether the league can sustain its current model without sovereign funding.

The timing of the withdrawal creates substantial uncertainty for players under contract and tournament schedules planned for future seasons. LIV Golf has not yet commented on contingency plans or whether new investors could step in to replace the Saudi funding.

The development could potentially reshape negotiations between LIV Golf and other golf organizations regarding potential reunification of the sport's top players. The series currently operates alongside established tours rather than in partnership with them.