Saudi Arabia pulls funding from LIV Golf, Wall Street Journal reports
Saudi Arabia's Public Investment Fund will cease funding LIV Golf after the current season, according to a Wall Street Journal report citing sources familiar with the matter. Despite recent assurances from LIV Golf's CEO that the 2026 season would proceed as planned with full PIF backing, the circuit now faces an uncertain future. The move comes amid ongoing scrutiny of Saudi Arabia's use of sports for reputation enhancement and challenges in finalizing a broader merger between LIV, the PGA Tour, and the DP World Tour.
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Open this photo in gallery:A general view of the 18th hole flag pole during the first round of LIV Golf Jeddah at the Royal Greens Golf & Country Club last month in King Abdullah Economic City, Saudi Arabia.Matthew Harris/The Associated PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountLIV Golf plans to tell players and staff by Thursday that Saudi Arabia’s Public Investment Fund will stop funding the circuit after this season, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.LIV did not immediately respond when asked by Reuters for comment.Launched in 2022 and backed by the PIF, LIV disrupted professional golf by signing several top players to lucrative contracts, including Bryson DeChambeau, Jon Rahm, Brooks Koepka…
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