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Saudi Fund to End LIV Golf Backing After 2026 as League Pitches New Plan

The exit forces a scramble for outside capital to keep the team-based circuit alive beyond next season.

Overview

  • LIV Golf, which plans a Thursday announcement, is expected to confirm Yasir Al‑Rumayyan’s departure as chair and outline a strategy to attract long-term investors.
  • Saudi Arabia’s Public Investment Fund, which has invested more than $5 billion and backed $30 million purses per event, will stop financing the league after the 2026 season according to multiple reports.
  • CEO Scott O’Neil told staff the 2026 season will run “full throttle,” yet the June New Orleans stop was postponed as the tour reviews its calendar and costs.
  • Players were briefed over the past two weeks and many are weighing exits, with Brooks Koepka already back on the PGA Tour under fines and limits and Patrick Reed pursuing a DP World Tour route to regain PGA Tour status.
  • Team captains including Bryson DeChambeau and Jon Rahm were updated Tuesday as LIV courts new backers and explores team equity sales, reflecting a broader PIF pivot toward domestic priorities that has raised questions for event hosts and partners.