LIV Golf is reportedly heading toward a major financial crisis after its Saudi backers are expected to withdraw funding at the end of the current season according to the Wall Street Journal.
The breakaway golf league, launched in 2022 with heavy investment from Saudi Arabia’s Public Investment Fund was created to rival the PGA Tour by attracting top players with massive prize money and signing bonuses. However, the reported decision to end funding marks a dramatic shift in the league’s short and controversial history.
LIV Golf was initially backed with hundreds of millions of dollars and positioned as a disruptor in professional golf. It quickly gained attention for offering record-breaking payouts and signing high-profile players but also faced criticism for its ties to Saudi Arabia and its use of sport as a tool for influence.
The reported funding withdrawal comes amid broader economic and geopolitical pressure on Saudi Arabia. The country has been affected by instability in global oil markets including disruptions linked to the ongoing conflict between the United States and Iran and volatility in energy prices. These pressures have reportedly forced the Public Investment Fund to reassess several international investments.
LIV Golf officials have previously insisted that the league remains financially stable and is increasing revenue through sponsorships, merchandise and ticket sales. Despite these claims, uncertainty has grown in recent weeks, especially after scheduling changes and internal restructuring signals.
If confirmed, the loss of Saudi funding could put the future of LIV Golf in serious doubt raising questions about its long-term viability and its planned competition with established tours like the PGA Tour.
For now, the league continues its 2026 season schedule but its financial foundation appears increasingly unstable as external pressures mount.
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Asian Burg | Sports Desk
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