LIV Golf Faces Uncertain Future as Saudi Arabia Reportedly Plans to Pull Financial Support After Season

(LIV Golf. Photo by Arise TV)

According to the BBC, Saudi Arabia intends to withdraw its financial support for LIV Golf after this season. The move calls into question the future of the Breakaway Golf Series.

The Public Investment Fund, which has financed the trip from its inception, is slated to discontinue funding. LIV Golf is now seeking additional investors to keep the competition operating and maintain its global schedule.

According to BBC Sport, the tour is considering a new structure as part of its efforts to acquire additional finance. Changes in leadership are also planned, with Yasir Al-Rumayyan believed to be stepping down from his board position.

The tour has already made changes to its schedule, including postponing an engagement in New Orleans. Events across Europe and Asia are scheduled to continue, with later visits in the United States.

Officials have conceded that the number of events may be cut if additional funding is not secured. The series now has a global calendar that includes many tournaments per season.

The Public Investment Fund has made significant investments in LIV Golf since its inception in 2021. The tour was founded as a competitor to the PGA Tour and drew a number of well-known professionals.

Saudi Arabia is also examining its overall sports investments as part of a transition to long-term domestic spending plans.

According to a statement from the fund’s leadership, “PIF will continue to support Saudi Vision 2030 objectives by delivering competitive domestic ecosystems and forming global economic partnerships.”

LIV Golf has not yet issued an official statement regarding the reported funding decision.