Overview
- Saudi Arabia’s Public Investment Fund, which confirmed Thursday it will only bankroll LIV through the 2026 season, said the long‑term outlay no longer fits its investment strategy or current macro conditions.
- LIV announced a pivot to a multi‑partner model and named Gene Davis and Jon Zinman to a new independent board, with Davis as chair, as Yasir Al‑Rumayyan is no longer listed as chairman.
- The tour says it remains funded for the current campaign, but it postponed its June New Orleans stop and now targets a May 7–10 event in northern Virginia.
- Player agents have reached out to the PGA Tour and DP World Tour about return paths, and recent cases show re‑entry can come with suspensions, donations, or other conditions.
- Reports estimate LIV has spent about $5.3bn to date and could top $6bn by year’s end, with $30m event purses and heavy losses underscoring why outside capital is now essential.