Saudi Arabia To End LIV Golf Funding, Tour Seeks New Investors

Saudi Arabia may stop funding LIV Golf after this season as the tour searches for new investors and plans leadership changes.

Saudi Arabia is preparing to end its financial backing of LIV Golf after this season, according to reports from the BBC. The move raises questions about the future of the breakaway golf series.

The Public Investment Fund, which has supported the tour since it began, is expected to step away from funding. LIV Golf is now looking for new investors to keep the competition going and maintain its global schedule.

BBC Sport reports that the tour is planning a new structure as part of efforts to secure fresh funding. Changes in leadership are also expected, with Yasir Al-Rumayyan reported to be stepping back from his board role.

The tour has already made adjustments to its calendar, including delaying an event in New Orleans. Events in Europe and Asia are still expected to go ahead, followed by later stops in the United States.

Officials have accepted that the number of events may be reduced if new money is not found. The series currently runs a global schedule with multiple tournaments each season.

The Public Investment Fund has invested heavily in LIV Golf since its launch in 2021. The tour was created as a rival to the PGA Tour and attracted several well-known players.

Saudi Arabia is also reviewing its wider sports investments as part of a shift towards long-term domestic spending plans.

A statement attributed to the fund’s leadership said: “PIF will continue to support Saudi Vision 2030 objectives by delivering competitive domestic ecosystems and forming global economic partnerships.”