LIV Golf faces uncertainty as Saudi PIF prepares to withdraw funding

LIV Golf faces significant uncertainty following reports that Saudi Arabia’s Public Investment Fund (PIF) intends to withdraw its financial backing. The breakaway league, established in 2021, has reportedly utilized over $5 billion in PIF funding. While players were previously informed that support would continue until 2032, new developments suggest the PIF may cut off funding at the conclusion of the upcoming season.

Reports indicate that the decision to cease funding may have been influenced by various factors, including a reported outburst by player Sergio Garcia during The Masters. The potential withdrawal has left many professional golfers in a state of career limbo. Players such as Graeme McDowell and Cameron Smith have indicated they will evaluate their future options, including potential returns to other tours, once the current season concludes.

LIV Golf executives have held emergency summits to address the situation, though they have maintained a public stance of continuity. The league has struggled to establish itself as a primary competitor to the PGA Tour despite the massive capital injections.