"LIV Golf appears to be dying on the vine but doesn't want to say so. Amid several reports that the Saudi-backed Public Investment Fund will cease its abundant funding of LIV Golf after the 2026 season, officials with the four-year-old PGA Tour competitor chose to focus on the fact that the show will go on - at least through August."
"O'Neil responded to a question about golfer Sergio Garcia saying this week that LIV Golf chairman Yasir Al-Rumayyan told us at the beginning of the year that he is behind us, that they have a project of many years. 'It's just not the way the world works,' O'Neil said."
"PIF announced a new five-year strategy Wednesday that will reduce international investments from 30% to 18-20% of the portfolio and place greater emphasis on Saudi domestic initiatives to promote sports. LIV Golf does not fit into that category and was not mentioned."
LIV Golf has reportedly lost $1 billion from 2022 to 2024, raising concerns about its future. CEO Scott O'Neil did not confirm any funding commitments from the Saudi Public Investment Fund beyond this year. Despite claims of long-term support, the league's financial viability is in question as PIF shifts focus to domestic initiatives. A new five-year strategy announced by PIF reduces international investments, further complicating LIV Golf's prospects. The league has received over $5.3 billion in funding since its inception, but its future remains uncertain.
Read at Los Angeles Times
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