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PIF Reportedly Close To Cutting Funding For LIV Golf League
TL;DR
Saudi Arabia's Public Investment Fund is reportedly close to cutting funding for the LIV Golf league, which may lead to its shutdown. This decision aligns with a new strategy to reduce international investments from 30% to 20% and focus more on domestic initiatives.
UTTOXETER, ENGLAND - JULY 28: Jon Rahm of Team Legion XIII celebrates with the trophy following victory in the LIV Golf: UK - Day 3 at JCB Golf & Country Club on July 28, 2024 in Uttoxeter, England. (Photo by Cameron Smith/Getty Images)
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Saudi Arabia’s Public Investment Fund (PIF) is reportedly close to cutting funding for the LIV Golf league according to reporting by the Financial Times. The move could spell the end of the LIV Golf league as Saudi Arabia aims to cut international investment of it’s sovereign wealth fund, also known as the PIF, from 30% down to 20% under a new five-year strategy, refocusing some of that money domestically back to Saudi Arabia.
Speculation about the future of LIV Golf began Tuesday, April 14 after Ryan French, a golf insider who runs the Monday Q Info account, posted a message on X that stated “I’ve heard from multiple sources that a bombshell announcement on LIVs future is imminent.” The announcement follows rumors that LIV Golf League executives had been called to an emergency meeting in New York on Wednesday, April 15 following claims that the Saudi Public Investment Fund (PIF)-backed golf league is under threat of shut down.
Meanwhile, LIV Golf continues to prepare to play its Mexico City event April 16-19. As reported by Telegraph Sport, LIV bosses were called to New York for the emergency meeting and no executives from LIV Golf were in Mexico City Wednesday for the tournament.
The uncertainty about the future of the LIV Golf league arrives just days after the conclusion of The Masters Tournament at Augusta National Golf Club. The Masters was a disappointing performance for LIV Golf, as ten players from LIV Golf played in but only five made the cut. Notably, LIV Golf star Bryson DeChambeau was one of the LIV golfers who did not make the cut. Tyrrell Hatton, Dustin Johnson, Sergio Garcia, Jon Rahm, and Charl Schwartzel did make the cut to play the weekend.
LIV had enjoyed a successful event in South Africa back in March, with LIV Golf star Bryson DeChambeau ultimately winning the tournament. LIV announced it had sold more than 90,000 tickets for the South Africa event.
A Money in Sport article from February 2026 estimated that PIF’s cumulative investment in LIV Golf will have exceeded $6 billion by the end of 2026. In 2026, LIV Golf moved from a 54-hole tournament format to a 72-hole format similar to the other major golf tours, but retained its team-golf aspect. However, LIV Golf still struggles to gain credibility as TV audiences continue to elude and disappoint LIV Golf. The departure of stars Brooks Koepka and Patrick Reed following the conclusion of the 2025 LIV Golf season have not helped their cause.
It remains unclear what will happen with the remainder of the LIV Golf players. However, there is precedent to follow with respect to how Patrick Reed has been treated. Ex-LIV golfers could be required to sit out one year from their last LIV Golf start, at which point they may be eligible to return to the PGA Tour based on prior or current earned status.
This article was originally published on Forbes.com
Q&A
Why is the Public Investment Fund cutting funding for LIV Golf?
The Public Investment Fund is reducing funding as part of a new five-year strategy to decrease international investments from 30% to 20% and redirect resources towards domestic projects in Saudi Arabia.
What could happen to LIV Golf if funding is cut?
If funding is cut, it could lead to the shutdown of the LIV Golf league, as financial support from the Public Investment Fund is crucial for its operations.
What recent events led to speculation about LIV Golf's future?
Speculation about LIV Golf's future arose after reports of an emergency meeting among league executives and a message from golf insider Ryan French indicating that a significant announcement regarding LIV's future was imminent.