- LIV Golf is facing speculation about its future, with reports suggesting Saudi Arabia’s Public Investment Fund (PIF) might withdraw its financial backing.
- LIV Golf CEO Scott O’Neil confirmed in an interview with TNT Sports that funding is secured for the remainder of 2026 but could not guarantee PIF support beyond this year.
- The speculation follows the PIF's new five-year investment strategy, which emphasises "sustained value creation" and "maximising impact."
- Despite over $5bn invested since its inception in 2022, LIV Golf has struggled to gain widespread attention and has been in a rivalry with the PGA Tour.
- The PGA Tour ultimately pursued its own path with a $3bn investment after a proposed merger with LIV and European Tours failed to materialise by the end of 2023.
IN FULL
