LIV Golf CEO Scott O'Neil expressed confidence in Saudi Arabia's Public Investment Fund (PIF) to continue funding the golf league, despite recent reports suggesting an earlier withdrawal of funds. The organization is actively seeking $350 million from stakeholders to ensure its operations and sustainability.
DeChambeau is still on rebel tour but the desired focus on teams is not something that is catching on with supportersMoments before Bryson DeChambeau teed off to open LIV Golf’s first American tournament of the year, at Trump National Golf Club in Sterling, Virginia, the public address announcer bellowed “Long! LIV! Golf!” to try and electrify a modest crowd by the first tee.The irony wasn’t lost on the devoted group who skirted work and school to enjoy a sunny afternoon just 40 miles outside Washington DC: this was the first tournament since the Saudi Arabia Public Investment Fund confirmed it would no longer fund the outfit that it once imagined as the world’s premier collection of professional golfers. Before that news was finalized, the league postponed a tournament scheduled to take place in New Orleans at the end of June. Continue reading...
Donald Trump has expressed support for LIV Golf players returning to the PGA Tour following the league's announcement that Saudi Public Investment Fund funding is being withdrawn. Speaking at the Oval Office, Trump said he wants to see top golfers competing against each other, naming Rory McIlroy, Bryson DeChambeau, Jon Rahm and Scottie Scheffler. LIV Golf has postponed its June tournament in New Orleans, with its next event scheduled for May 7-10 at Trump National in suburban Washington. PGA Tour loyalists including Brian Harman said returning LIV players should face consequences, while Jordan Spieth said he was glad not to be involved in decisions about their return.
LIV Golf faces uncertain future as Saudi Arabia's Public Investment Fund reportedly prepares to pull funding after spending approximately $5 billion over five years. CEO Scott O'Neil insists the 2026 season will continue uninterrupted, but critics argue the league never had the cultural resonance to challenge the deeply-rooted PGA Tour. Star signings like Jon Rahm ($300M+) and Talor Gooch ($70M) failed to deliver competitive success, with LIV players struggling at the Masters while returning PGA players thrived.
LIV Golf confirmed Thursday that its Saudi Arabian backer, the Public Investment Fund, will stop funding after the 2026 season, ending a $5 billion investment since 2022. The league announced a new board chaired by Eugene Davis of Pirinate Consulting Group to attract new investors and replace PIF governor Yasir Al-Rumayyan. LIV Golf stated it is moving to a diversified, multi-partner investment model while maintaining its commitment to world-class golf.
PIF ends investment after five years and $5bnLIV announces new independent board in funding pushLIV Golf has launched its search for fresh investment in a race against time to save its future after official confirmation Saudi funding would cease at the end of the 2026 season.Hours after LIV announced the creation of a new independent board minus Yasir al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, a PIF statement formally substantiated the rumours that it was pulling the plug on the start-up after around $5bn (£3.7bn) of investment. Continue reading...
LIV Golf has announced plans to seek new investment after confirming Saudi Public Investment Fund backing will end after the 2026 season. The breakaway golf league, which has received approximately $5bn from PIF since 2022, unveiled a new independent board led by Gene Davis and Jon Zinman, with Yasir al-Rumayyan stepping down. The tour stated it will transition from its foundational launch phase to a diversified multi-partner investment model, expressing confidence in securing sponsors to continue operations.
LIV Golf executives will confirm to players that Saudi Arabia's Public Investment Fund will cease funding the breakaway golf tour at the end of 2026, potentially leading to closure just four years after its first tournament. The PIF, which has invested over $5bn (£3.7bn) into LIV, cited the Middle East conflict as part of its reasoning for the strategic shift. Major winners Jon Rahm, Bryson DeChambeau and Cameron Smith are among those contracted to LIV and will now seek to return to the PGA Tour.
LIV Golf's New Orleans tournament scheduled for June 25-28 at Bayou Oaks at City Park will be postponed, sources told ESPN. The league is working with Louisiana officials to reschedule to fall, citing heat, course conditions and World Cup conflicts. The move comes after Saudi Arabia's Public Investment Fund pulled its funding commitment beyond this season. Louisiana had spent $2 million on course improvements and agreed to return $1.2 million already received.
