Overview
- Saudi Arabia’s Public Investment Fund confirmed it will stop financing LIV Golf after the 2026 season, putting the breakaway league under urgent pressure to replace its primary backer.
- LIV engaged AlixPartners to craft a new plan and pursue investors, with Sky News reporting the league is close to adding an investment bank to run a capital raise.
- The board added independent restructuring specialists Gene Davis and Jon Zinman and formed a committee to review strategic options beyond the PIF horizon.
- Operational strain surfaced as the late‑June Louisiana event was canceled, with organizers citing expected audience clashes with the men’s football World Cup in North America.
- Player futures remain unsettled as Bryson DeChambeau publicly denied contacting the PGA Tour and said he is negotiating a new LIV deal, even as media reports say camps for DeChambeau and Jon Rahm sought paths back to the PGA Tour.