Summary
LIV Golf players were told earlier in 2026 that the Saudi-backed golf tour plans to operate for many more years, despite rumors of its collapse. The Saudi Public Investment Fund (PIF) funds LIV Golf, but some reports say the PIF is reconsidering its support due to heavy financial losses.
Key Facts
- LIV Golf is backed by Saudi Arabia's Public Investment Fund (PIF).
- Players were informed funding for LIV Golf extends to at least 2032.
- LIV Golf has lost over $1.1 billion since it started in 2021, with net losses of $461.8 million outside the US in 2024.
- Broadcasting rights for LIV Golf generated only $2.7 million compared to the large investments.
- LIV Golf CEO said in February the tour might not be profitable for 5 to 10 years.
- Saudi Arabia is focusing more on investments in AI and technology, putting LIV Golf under financial review.
- LIV Golf caused division in professional golf by attracting players away from the PGA Tour with higher pay.
- A planned merger between the PGA Tour, DP World Tour, and PIF has been announced but not yet completed.
