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Home Golf

LIV Golf: Saudi Arabia to withdraw funding at end of season

Editorial Team by Editorial Team
April 30, 2026
in Golf
0


Al-Rumayyan co-founded LIV in 2021 and has been the tour’s strongest determine.

This week LIV postponed its June event in New Orleans, which means it is not going to have any tournaments within the US between 10 Could till 6 August, when it goes to Trump Bedminster in New Jersey.

BBC Sport has been instructed LIV stays hopeful of remaining a world tour with a workforce mannequin, and that it’s in “constructive” talks with potential traders.

Sources indicated that executives are exploring quite a few alternatives to “reposition” the enterprise. They mentioned LIV Golf was on the right track to earn $100m (£86m) extra in 2026 than final season.

However officers settle for it’s possible the sequence must be considerably scaled again, with far fewer occasions.

Staff captains have been warned that the corporate will reveal plans to seek out new monetary backers on Thursday.

LIV declined to remark.

This month LIV Golf chief govt Scott O’Neil instructed gamers the 2026 season would proceed “as deliberate and uninterrupted” amid rumours the tour was on the breaking point, though he didn’t tackle what may lie forward.

It got here as PIF introduced a brand new technique, with a concentrate on extra sustainable investments.

The LIV venture, which pivoted to a extra conventional 72-hole format this 12 months, has been bankrolled by an eye-watering sum of money from PIF.

The general funding surpassed $5bn (£3.8bn) when contemporary capital of $267m (£229m) was injected this 12 months.

The tour’s internet losses in markets outdoors the US elevated to $462m (£340m) in 2024, which means it had misplaced greater than $1.1bn (£810m) because it was established in 2021.

With huge quantities of cash pumped into the US arm of the operation, losses look prone to run to a number of billion {dollars}.

PIF has been approached for remark.



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