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2h ago

PIF Weighs Pulling LIV Golf Funding as League Says Season Will Proceed

A funding cut would put the breakaway tour’s future at risk after years of heavy losses.

Image
Bryson DeChambeau of the Crushers GC and Jon Rahm of Legion XIII and Cameron Smith of Ripper GC walk down the 1st during day one of LIV Adelaide at The Grange Golf Club on February 12, 2026 in Adelaide, Australia.
Crushers GC during day four of LIV Golf South Africa at The Club at Steyn City on March 22, 2026 in Johannesburg.
Raymond Carlin III-Imagn Images

Overview

  • LIV Golf’s main backer, Saudi Arabia’s Public Investment Fund, was reported Wednesday to be considering cutting or ending support, and senior executives were called to emergency meetings in New York.
  • The league pushed back with a staff email from CEO Scott O’Neil saying operations continue as planned, a social post reading “We are ON,” and confirmation that the Mexico City event will start on schedule.
  • Players said they have not been told of any shutdown, with Sergio Garcia noting earlier assurances from PIF governor Yasir Al-Rumayyan that backing was long term.
  • Reports say PIF has put more than $5 billion into LIV, which has logged losses topping $1.1 billion, as the fund pivots to domestic priorities during regional conflict that has squeezed oil flows and budgets.
  • If funding is scaled back, contracts, team financing, the remaining 2026 schedule, and paths for players to rejoin the PGA Tour or DP World Tour would all be in flux after recent high-profile defections.