LIV Golf faces funding uncertainty as Saudi PIF may cut support

Reports indicate that the Public Investment Fund (PIF) of Saudi Arabia, which backs LIV Golf, could halt financing before the end of the 2024 season. The possibility of an early funding cut has sparked concerns that remaining tournaments may be cancelled, with four events still scheduled, including a July 23‑26 tournament in England and later events in the United States.

LIV Golf CEO Scott O’Neil told CNBC the league expects PIF support through the season but is actively seeking up to $350 million from new investors to secure long‑term viability. He said the organization has held five investor meetings and plans 18 more during the summer.

According to Front Office Sports, player Jon Rahm is allegedly hoping the league goes bankrupt so he can exit his contract, and other insiders express doubt about the tour’s financial stability. Despite the uncertainty, O’Neil remains optimistic about the league’s growth prospects.

If the PIF withdraws funding, events such as the planned Michigan team tournament and the season finale in Indianapolis could be at risk.