LIV Golf’s Saudi backing is pulled — and breakaway tour is running out of time
The Public Investment Fund of Saudi Arabia has announced it will withdraw its backing from LIV Golf at the end of 2026, citing that the substantial investment required is no longer consistent with its investment strategy. LIV Golf has responded by announcing an internal reorganization to seek multiple long-term investors to replace the PIF money.
LIV Golf is facing an end due to the withdrawal of Saudi backing. The Public Investment Fund of Saudi Arabia formally announced it will end its support at the end of 2026. The PIF has poured over $5 billion into LIV Golf since its 2022 launch. LIV Golf has responded by announcing an internal reorganization to seek multiple long-term investors. The breakaway tour was a significant disruption to professional golf, attracting top players with large sums of money. The tour's failure to find a sufficient audience and its significant annual losses led to the PIF's decision to withdraw its backing.
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