The Saudi Arabia Public Investment Fund said Thursday morning it will no longer fund LIV Golf beyond the 2026 season, providing official confirmation following LIV Golf’s announcement hours earlier that it’s focusing on securing long-term financial partners for its future.
LIV Golf’s announcement Thursday did not mention the PIF pulling its funding, although it confirms what’s been rumored for weeks regarding the change in the Saudi PIF’s future investment strategy. The Wall Street Journal reported Wednesday that LIV informed players and staff of the PIF’s future departure this week; GOLF.com later confirmed the news.
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On Wednesday, the Sports Business Journal reported PIF governor Yasir Al-Rumayyan stepped down…
