
LIV Golf Establishes New Independent Board After PIF Pulls Funding
LIV Golf announced the establishment of a new independent board led by investment bankers Gene Davis and Jon Zinman after Saudi Arabia's Public Investment Fund confirmed it will pull funding after the 2026 season. The PIF has invested over $5 billion since 2022 and was spending $100 million monthly. The league, which reports 100% revenue growth since 2025, is seeking long-term financial partners and considering models including fewer tournaments, international events, or a potential merger with the DP World Tour.
