LIV Golf's end may be imminent as report signals Saudi Arabia is preparing to cut off funding

It appears Saudi Arabia has reached its spending bounds connected LIV Golf.

The Saudi Arabia Public Investment Fund (PIF), the sole funder of the breakaway play circuit, announced a caller five-year concern strategy connected Wednesday with a absorption connected reprioritizing spending, and spending hundreds of millions much dollars connected LIV Golf doesn't look to beryllium portion of the plan.

The Financial Times has reported that the PIF is "on the verge of cutting its support" for LIV Golf. An announcement regarding Saudi engagement – oregon deficiency thereof – with LIV could travel arsenic soon arsenic Thursday, according to the report.

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Bryson DeChambeau of Crushers GC plays during time 4 of LIV Golf South Africa astatine The Club astatine Steyn City successful Johannesburg, South Africa, connected March 22, 2026. (Johan Rynners/Getty Images)

Author and longtime play newsman Alan Shipnuck besides relayed a connection connected X from a player's cause that Mohammed bin Salman, the ruler of the Kingdom of Saudi Arabia, could look to usage the ongoing warfare successful Iran arsenic a "force majeure" to chopped disconnected LIV's funding.

LIV Golf's contiguous aboriginal would beryllium wholly up successful the aerial if the Saudi PIF were to chopped disconnected funding. How oregon if the league volition proceed to operate, and successful what capacity, is the large unknown, arsenic is what the aboriginal of its galore players whitethorn look like.

The perchance sport-shifting quality comes aft galore months of speculation that operationally – some front-facing and down the scenes – things had reached a tipping constituent successful presumption of spending, big-name players leaving the circuit, and wide involvement successful LIV Golf hitting a standstill.

In precocious February, it was reported that LIV Golf's nett spending per period averaged $100 cardinal successful 2024 and 2025. For the 2026 season, LIV's fifth, Saudi PIF Governor Yasir Al Rumayyan reportedly approved a caller $266.6 cardinal superior injection into the circuit, bringing the Saudi PIF's cumulative concern successful LIV Golf to $5.3 cardinal since 2021.

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A wide presumption of the LIV GOLF logo during circular 1 of the LIV Golf Invitational Series connected July 29, 2022 astatine Trump National Golf Club successful Bedminster, New Jersey. (Rich Graessle/Icon Sportswire via Getty Images)

The Saudi PIF reportedly injected northbound of $1 cardinal into LIV Golf successful 2021, 2022, 2024, and 2025. The $266 cardinal injection to statesman 2026, an summation successful prize funds for the season, and the nett walk of $100 cardinal per month, the Saudi PIF's cumulative concern was acceptable to stroke past $6 cardinal by the extremity of 2026.

While insignificant details compared to billions successful spending, LIV shifted from its archetypal tourney format of playing 54-hole events to 72-hole events opening successful 2026, resulting successful the league being recognized by the Official World Golf Ranking (OWGR) strategy for the archetypal clip since its inception. Players receiving OWGR points made their paths into golf's large championships much accessible. 

Five-time large champion Brooks Koepka, on with erstwhile Masters champion Patrick Reed, delivered a important stroke to LIV with astonishing exits from the circuit successful January 2026. Kopepka has already returned to the Tour via its Returning Members Program, portion Reed is acceptable to gain his Tour paper backmost up of the 2027 PGA Tour season. 

Bryson DeChambeau, Phil Mickelson, Jon Rahm, Joaquin Niemann, and Tyrrell Hatton were the header players for the circuit this season.

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Brooks Koepka connected the 11th spread astatine The Old White astatine the Greenbrier connected Aug. 18, 2024. (Bob Donnan/USA TODAY Sports)

LIV is acceptable to big a tourney successful Mexico City opening connected Thursday. As rumors of a bombshell announcement regarding the circuit's aboriginal began to summation traction, a Wednesday study from The Telegraph explained that LIV Golf executives had been called to a gathering successful New York, and nary of the execs were connected tract successful Mexico connected Tuesday.

LIV Golf held its inaugural lawsuit successful England successful June 2022. After the PGA Tour spent the amended portion of a twelvemonth distancing itself from the circuit successful each conceivable way, the Tour announced a merger with LIV Golf 3 days up of the circuit's one-year anniversary. The 2023 announcement signaled the commencement of a concern that combined the Tour's ain concern with the Saudi Public Investment Fund's commercialized businesses and rights (including LIV Golf) arsenic good arsenic the DP World Tour into a new, collectively owned, for-profit entity.

Aside from the announcement of the merger, determination had been fewer updates connected what the adjacent steps would look similar for the partnership. The Tour's authoritative connection announcing the merger work that LIV Golf would technically beryllium dissolved, with the PIF picking up a precise ample spot astatine the array that operates the PGA Tour and nonrecreational golf.

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