Saudi wealth fund PIF says it will stop funding LIV Golf after 2026
Saudi Arabia's Public Investment Fund said its backing of LIV Golf would end after the 2026 season, leaving the breakaway tour seeking new investors.
This summary was written by AI to complete the context; it is not based on a current source.
On 30 April 2026, Saudi Arabia's Public Investment Fund (PIF), the country's sovereign wealth fund, confirmed it would stop financing LIV Golf after the 2026 season. The fund said the long-term investment the tour required no longer fit its current strategy, pointing to shifting priorities and wider economic conditions.
PIF had bankrolled LIV since its launch in 2022, when the breakaway league lured top players from the PGA Tour with very large contracts. Reports put the fund's spending at more than $5 billion over five seasons, with annual losses estimated at $500 million to $600 million.
LIV said its board had formed a committee of independent directors to explore options beyond PIF's funding and to seek a more diversified group of investors. Chief executive Scott O'Neil said the 2026 season would continue at full pace but acknowledged the league would probably need to raise money. Yasir Al-Rumayyan, the PIF governor, was reported to have stepped down as chairman of the LIV board.
The announcement raised doubts about the tour's survival and about the future of the players signed to it.
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LIV Golf shuts down after Saudi funding ends · 3 updates
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