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Saudi Arabia's Public Investment Fund reportedly on verge of cutting LIV Golf support
TL;DR
Saudi Arabia's Public Investment Fund may soon cut its support for LIV Golf, with an announcement expected as early as Thursday. League executives were called to an emergency summit in New York amid growing speculation about the league's future.
Speculation over the future of LIV Golf ran rampant after league executives reportedly were summoned to New York for an emergency summit.
The Financial Times reported Wednesday that Saudi Arabia's Public Investment Fund is on the verge of cutting its support for the league and that an announcement could come as soon as Thursday.
LIV Golf's future is in question following reports that Saudi Arabia's Public Investment Fund is on the verge of cutting its support for the league.
LIV Golf members are currently in Mexico City preparing to play the sixth event on the 2026 calendar, starting on Thursday. Golfer Sergio Garcia told reporters there Wednesday that the players "have not heard anything."
All outward appearances indicated the event was proceeding as planned, with LIV Golf posting interviews and tee times on social media.
Garcia said a shutdown would be contrary to what they have heard from Yasir Al-Rumayyan, governor of the Saudi PIF.
"That is not what Yasir told us at the beginning of the year, that he is behind us, that they have a project of many years," said Garcia, translated from Spanish.
The PIF has reportedly poured more than $5 billion into LIV Golf since it launched in 2022, luring stars like Jon Rahm, Bryson DeChambeau and Phil Mickelson with lucrative contracts and massive tournament purses.
LIV Golf's potential demise would not come as a total shock given the circuit's stagnant television ratings and its inability to attract any big names of late, coupled with the recent departures of Brooks Koepka and Patrick Reed back to the PGA Tour.
After Mexico City, there are nine events remaining on the schedule in LIV Golf's fourth season.
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This article originally appeared on The Detroit News: Saudi Arabia fund reportedly on verge of cutting LIV Golf support
Q&A
What is the current status of LIV Golf's funding from Saudi Arabia's Public Investment Fund?
Reports indicate that the Public Investment Fund is on the verge of cutting its financial support for LIV Golf.
Why were LIV Golf executives summoned to New York for an emergency summit?
The executives were called to discuss the future of LIV Golf amid speculation about potential funding cuts from the Public Investment Fund.
What are LIV Golf players saying about the situation in Mexico City?
Players, including Sergio Garcia, have stated that they have not received any information regarding the funding situation or its implications.
