Saudi Arabia to Withdraw LIV Golf Funding

LIV Golf will announce a "new strategic plan" on Thursday to find new financial investors after Saudi Arabia's Public Investment Fund withdraws its backing. The breakaway tour has lost over $1.1 billion since its establishment in 2021, with losses increasing to $462 million in 2024. michezonews.co.za

The move comes amid reports that PIF governor Yasir Al-Rumayyan may step down from LIV's board. LIV officials acknowledge the series will likely need to be significantly scaled back, though they remain hopeful of maintaining an international team model while seeking new investors.