Saudi Arabia to stop funding LIV Golf next season
Summary
Saudi Arabia will stop funding LIV Golf after this season, creating uncertainty about the golf tour's future. LIV Golf plans to find new investors and introduce new leadership while continuing some events in 2026.Key Facts
- Saudi Arabia’s Public Investment Fund (PIF) has backed LIV Golf with over $5 billion since 2021.
- Yasir Al-Rumayyan, PIF governor and LIV co-founder, is expected to leave LIV's board.
- LIV Golf will announce a new plan and new board members soon to look for fresh investors.
- LIV postponed its June event in New Orleans and has no US tournaments between May 10 and August 6.
- The tour earned $100 million more in 2026 compared to last year but is likely to have fewer events.
- LIV Golf changed to a traditional 72-hole format this year and includes top players like Jon Rahm and Phil Mickelson.
- Since 2021, LIV Golf has lost over $1.1 billion outside the US, with total losses likely in the billions including US operations.
- LIV Golf is in talks with potential new investors to keep the tour running internationally.
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