Saudi Arabia’s sovereign wealth fund will cease financing LIV Golf on the finish of the 2026 season, throwing the way forward for the breakaway tour into critical doubt, US media reported Wednesday.
LIV Golf, based in 2022 as a most important rival to the PGA Tour, plans to tell employees and gamers on Thursday that the Saudi Public Funding Fund will not bankroll the circuit past this summer time, the Wall Road Journal mentioned.
The league, which spent billions of Saudi {dollars} to lure most of the world’s high gamers together with Bryson DeChambeau and Phil Mickelson, will “consider strategic alternate options” to proceed working, CNBC reported.
Each the Wall Road Journal and CNBC cited a number of nameless sources. LIV Golf didn’t remark when repeatedly contacted by AFP.
Reviews first emerged earlier this month that the breakaway tour was on the snapping point as a result of attainable withdrawal of Saudi financing.
LIV’s deep-pocketed backers in Riyadh have been rumoured to have cooled on the extravagantly costly challenge, which has reportedly value them over $5 billion thus far.
LIV Golf CEO Scott O’Neil refuted the experiences, vowing to proceed the season “full throttle,” although he conceded the league would “most likely” have to boost cash going ahead.
A collapse of LIV Golf may jeopardize the careers and earnings of its star gamers.
The likes of DeChambeau defected from the PGA Tour in acrimonious circumstances, and should face extreme penalties in the event that they attempt to return.
“There have been guidelines, and so they have been damaged,” PGA Tour chief government Brian Rolapp advised the Journal this week. “With guidelines comes accountability.”
LIV Golf this week postponed its deliberate June match in New Orleans on Tuesday, with officers saying they hope to reschedule an occasion for later this 12 months.
LIV’s subsequent match is about for Might 7-10 at Trump Nationwide in suburban Washington.
Its remaining scheduled match this season is about to happen in Indianapolis from August 20-23.
Printed on Apr 30, 2026