LIV Golf’s future in question as Saudi Arabian backers consider pulling funding: Sources
The New York Times • • sports
Key Points:
- LIV Golf faces an uncertain future as the Saudi-backed Public Investment Fund (PIF) is reportedly preparing to pull its multibillion-dollar funding from the four-year-old league, prompting leadership to explore next steps and seek new employment opportunities.
- Despite ongoing financial struggles and losses exceeding $590 million in 2024 alone, LIV Golf is continuing with its scheduled Mexico City tournament, though some media activities have been curtailed amid the turmoil.
- CEO Scott O’Neil, who took over in January 2025, has attempted to legitimize LIV Golf by securing world ranking points and standardizing tournament formats, but the league remains years away from profitability.
- The PIF’s newly announced five-year strategy focuses on domestic economic transformation and does not mention LIV Golf, signaling a possible strategic shift away from the league.
- LIV Golf’s leadership and PIF representatives have not provided public comments amid the unfolding situation, leaving the league’s future operations in question.
