LIV Golf will lose its monetary backing from Saudi Arabia’s Public Funding Fund after the 2026 season, the fund introduced Thursday.
“PIF has made the choice to fund LIV Golf just for the rest of the 2026 season,” a consultant for the PIF, Saudi Arabia’s sovereign wealth fund chaired by Crown Prince Mohammed bin Salman, informed ABC Information on Thursday.
“The substantial funding required by LIV Golf over a long run is now not according to the present part of PIF’s funding technique,” the assertion continued. “This choice has been made in mild of PIF’s funding priorities and present macro dynamics. The LIV Golf Board has created a committee of impartial administrators to guage strategic options for its future past PIF’s funding horizon.”
Bryson DeChambeau of Crushers GC performs his shot from the second tee throughout day three of LIV Golf South Africa, March 21, 2026 in Johannesburg.
Johan Rynners/Getty Pictures
The worldwide golf league introduced new board appointments following the information “because the league focuses on securing long-term monetary companions to assist its transition from a foundational launch part to a diversified, multi-partner funding mannequin.”
LIV stated that its “strategic evolution” consists of the appointment of “a newly established impartial board,” which is led by Gene Davis and Jon Zinman, who will “information the league via its subsequent part.”
“LIV Golf has constructed one thing really differentiated — a worldwide league with passionate followers, world-class expertise, and demonstrated business momentum,” Davis, chair of the Unbiased Administrators Committee, stated in a press release. “The chief management group, together with Jon and I, see a transparent alternative to assist the league formalize its construction, appeal to and safe long-term capital, and place the enterprise for progress whereas persevering with to advertise the sport internationally. We look ahead to positioning LIV Golf for future success.”
The league reported “record-breaking 2026 efficiency,” with 100% year-over-year progress in income that, in line with LIV, will probably be used to “drive momentum in investor conversations.”
Since LIV Golf first launched in 2022 as an upstart rival to the PGA Tour, it has confronted mounting points together with monetary losses for non-U.S. occasions, in addition to departing star energy following Brooks Koepka’s return to the PGA.
LIV Golf includes 13 groups with a 57-player discipline and no cuts with shotgun begins at 14 occasions. When it first launched, LIV Golf occasions featured a three-day, 54-hole competitors, with the bulk performed Friday via Sunday, however expanded in 2026 to 72 holes over 4 days.
The league has drawn controversy and criticism from each gamers and followers for luring away high PGA stars like Phil Mickelson, Bryson DeChambeau, Jon Rahm, Bubba Watson, and Sergio García.
LIV Golf Investments was initially led by former skilled Australian golfer Greg Norman, who stepped down after 4 years as CEO in December 2025.
