Saudi Arabia's PIF to Cease Funding LIV Golf After 2026 Season
Saudi Arabia's Public Investment Fund (PIF) has announced it will end its financial support for LIV Golf after the 2026 season, prompting the league to seek new investors to sustain operations.
Saudi Arabia's Public Investment Fund (PIF) has confirmed it will cease funding LIV Golf after the 2026 season, aligning with its revised investment strategy. Since its inception in 2021, LIV Golf has received over $5 billion from PIF, attracting top players with substantial contracts and prize money.
In response, LIV Golf has established an independent board led by investment bankers Gene Davis and Jon Zinman to secure new investors and ensure the league's future beyond 2026. PIF governor Yasir Al-Rumayyan, instrumental in LIV's creation, has stepped down as chairman.
The league's financial sustainability is now uncertain, with the need to find alternative funding sources to continue operations beyond the current season.