Business · Singapore Bureau
Garcia seeks to exit LIV Golf amid Saudi funding uncertainty
Spanish golfer Sergio Garcia has filed to terminate his contract with the Saudi-backed LIV Golf league as the competition faces an uncertain future following a withdrawal of financial support from the kingdom's Public Investment Fund.
LSN Singapore ·
Garcia's move comes as LIV Golf confronts significant challenges to its operational viability beyond 2026. The league, which launched in 2022 with substantial backing from Saudi Arabia's sovereign wealth fund, has struggled to establish itself as a mainstream alternative to the PGA Tour.
The Saudi Public Investment Fund's decision to reduce its financial commitment represents a major setback for LIV Golf's expansion plans. Without the consistent capital injections that have sustained the league's operations and player purses, the organization faces mounting pressure to secure alternative funding or restructure its business model.
Garcia's contractual filing reflects broader concerns among LIV Golf players about the league's long-term viability. The three-time major champion joined the circuit in 2023, but the organization's financial uncertainty has prompted reassessment among its roster.
LIV Golf has indicated it remains committed to continuing operations through 2027 and beyond, though the pathway to sustainability remains unclear. The league has pursued various strategic options, including potential merger discussions with the PGA Tour, to shore up its financial position and competitive standing in professional golf.