Saudi Arabia to stop funding LIV Golf next season

saudi arabia is pulling its multi-billion dollar funding of liv golf after this season, throwing the breakaway tour's future into doubt. the series is "totally up for sale" and will announce a "new strategic plan" on thursday to find replacement investors. the saudi public investment fund has poured over $5bn into liv since 2021, including a fresh $267m injection this year. the tour lost $462m in markets outside the us in 2024 alone, with total losses since launch exceeding $1.1bn. pif governor yasir al-rumayyan, who co-founded liv, is reportedly stepping down from the board. liv postponed its june event in new orleans, leaving a gap in the us schedule from 10 may to 6 august. the tour remains hopeful of staying international with a team model, but officials accept it will likely have to scale back significantly from 14 events. liv says it's in "constructive" talks with potential investors and on course to earn $100m more in 2026 than last season.