A new report from the Wall Street Journal reveals that LIV Golf's players will be informed on Thursday that Saudi funding is ceasing. The Saudi Public Investment Fund (PIF), which has invested billions in the tour, will end its support after the current season.
The loss of PIF backing could effectively end LIV Golf in its current form, which features small fields of highly paid players competing for large prizes. Yasir Al-Rumayyan, the PIF chairman and LIV Golf board chairman, has reportedly stepped down from his position at LIV.
Founded in the early 2020s, LIV attracted players with massive signing bonuses and poached stars like Brooks Koepka, Bryson DeChambeau, and Jon Rahm. However, the tour has struggled to gain a significant US audience, and some players have already moved back to the PGA Tour.
News earlier this month indicated Saudi Arabia is shifting investment away from sports initiatives. LIV's postponement of a Louisiana tournament further fueled concerns. Without PIF backing, the tour likely cannot sustain itself through sponsorships or ticket sales, leaving its future—and its players' careers—uncertain.