By The Associated PressPublished On 30 Apr 202630 Apr 2026Saudi Arabia’s Public Investment Fund (PIF) has confirmed funding to the breakaway LIV Golf league would be cut after the 2026 season.LIV Golf announced on Thursday a new board and a new business strategy as it tries to forge ahead without Saudi funding, which allowed the league to launch nearly four years ago with oversized contracts and prize funds.Recommended Stories list of 4 itemsend of listYasir Al-Rumayyan, the governor of Saudi Arabia’s sovereign wealth fund, who was behind the creation of LIV Golf, is no longer listed as its chair.LIV announced that Gene Davis of the Pirinate Consulting Group and Jon Zinman of the strategic advisory firm JZ Advisors are leading a newly created board with Davis as chair. The focus is on securing long-term financial partners when Saudi funding ends after this season.The Saudi investment fund said in a statement: “PIF has made the decision to fund LIV Golf only for the remainder of the 2026 season.“The substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF’s investment strategy. This decision has been made in light of PIF’s investment priorities and current macro dynamics.“The LIV Golf Board has created a committee of independent directors to evaluate strategic alternatives for its future beyond PIF’s funding horizon. LIV Golf has substantially grown the game globally through its transformational and positive impact. It has forever changed the game of golf for the better.“PIF remains committed to deploying capital internationally in line with its investment strategy, including its subst …
