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Report: LIV players to be told PIF will stop funding after 2026 season
TL;DR
LIV Golf players will be informed that funding from Saudi Arabia's Public Investment Fund will cease after the 2026 season. This follows a strategic shift in the PIF's investment focus away from high-cost international projects.
Key points
- LIV Golf funding will end after the 2026 season
- Public Investment Fund shifts focus to domestic initiatives
- PIF has invested over $5.3 billion in LIV Golf
- Players will be informed by April 30
Mentioned in this story
Public Investment Fund
LIV Golf
LIV Golf continues to spiral to its death.
Players and staff will be informed by Thursday, April 30, that Saudi Arabia’s Public Investment Fund, which owns LIV Golf, will cut off funding after this season, according to the Wall Street Journal.
Reports surfaced two weeks ago that LIV would be a victim of the PIF's shift in investment strategy from high-cost international projects — including sports funding — to focus on domestic initiatives. The PIF has dumped more than $5.3 billion into LIV since it debuted in 2022.
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Now, that will become official.
The league's demise is coming in drips. LIV recently announced it would be canceling or postponing a scheduled June event in Louisiana, the worst possible timing in light of CEO Scott O’Neil's promise two weeks ago the season would continue "exactly as planned, uninterrupted and at full throttle."
LIV attempted to deflect that the decision to kill the June 25-28 event at Bayou Oaks outside of New Orleans was money-related.
O'Neil said recently in an interview that LIV only was funded through 2026 and would have to find alternate ways to raise money. Those remarks were deleted from social media.
"It’s just not the way the world works," O’Neil said about future funding. "We have commitments to have this … the reality is you're funded through the season and then you work like crazy as a business to create a business and a business plan to keep us going."
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Q&A
Why is the Public Investment Fund stopping funding LIV Golf?
The Public Investment Fund is shifting its investment strategy from international projects to focus on domestic initiatives.
How much has the PIF invested in LIV Golf since its inception?
The Public Investment Fund has invested over $5.3 billion into LIV Golf since it launched in 2022.
When will LIV Golf players be officially informed about the funding cut?
Players and staff will be informed by Thursday, April 30, about the funding cut from the PIF.
What are the consequences of the PIF stopping funding for LIV Golf?
The cessation of funding could lead to the eventual shutdown of LIV Golf, as it heavily relies on PIF's financial support.
