Business · Malaysia Bureau
LIV Golf winds down after Saudi funding deal collapses
The controversial Saudi-backed golf league is scaling back operations following the withdrawal of financial support from the kingdom's Public Investment Fund. The PIF has signalled it will not extend backing beyond the 2026 season.
LSN Malaysia ·
LIV Golf is moving towards a managed wind-down after its primary financial backer, Saudi Arabia's Public Investment Fund, declined to renew its commitment beyond 2026. The decision marks a significant setback for the breakaway league that has spent lavishly to attract elite players from the PGA Tour since its launch in 2022.
The PIF's withdrawal of ongoing financial support underscores the challenges facing LIV Golf in achieving sustainable profitability. Despite securing marquee players through record-breaking contracts, the league has struggled to establish itself as a competitive alternative to traditional professional golf tours.
The announcement comes after months of uncertainty surrounding the league's long-term viability. Attempts to merge LIV Golf with the PGA Tour have stalled, leaving the Saudi-backed venture without a clear path forward beyond the guaranteed funding period.
LIV Golf officials are now managing the operational transition as the league prepares for its eventual conclusion. The decision is expected to have broader implications for professional golf's competitive landscape and athlete compensation in the sport.