LIV Golf faces funding cut and bankruptcy risk after Saudi PIF ends support
Saudi Arabia’s Public Investment Fund (PIF) will cease its $6 billion investment in the breakaway LIV Golf circuit at the close of the 2026 season. The Saudi fund, which has pumped almost $6 billion into the tour since 2022, cited a shift in its investment strategy and macro‑economic dynamics. LIV Golf, which has accumulated losses exceeding $1.4 billion since its 2021 launch, is scrambling for new investors.
In response, the league has begun preparing a potential U.S. bankruptcy filing, exploring relocation of its headquarters to benefit from favorable restructuring laws. Currently operating across the United Kingdom, the United States and Jersey, LIV Golf’s board has set up an independent committee to evaluate strategic alternatives. The organization continues its 2026 season while seeking long‑term financial partners to replace PIF’s backing.
The funding withdrawal marks a decisive end to the era of Saudi state‑backed support for the tour, raising uncertainty about LIV Golf’s future viability.