PIF said on Thursday that it would cut funding of LIV Golf at the close of the 2026 season.By ReutersPublished On 1 May 20261 May 2026Manager Eddie Howe says that Newcastle United’s Saudi Arabian owners remained as committed as ever to the club’s success, even as their Public Investment Fund prepares to cut ties with the LIV Golf series.PIF, which spent more than $5 billion on LIV Golf since it launched in 2022, said on Thursday that it would cut funding at the close of the 2026 season, leaving the breakaway circuit scrambling for new backers.Recommended Stories list of 4 itemsend of listThe sovereign wealth fund, chaired by Saudi Crown Prince Mohammed bin Salman, is involved in several other sports and acquired Newcastle in October 2021.Asked about meeting with PIF this week, Howe told reporters on Friday: “The owners and representatives of PIF were over, and it was constructive, good meetings, and I was a small part of that.“It’s always constructive because they clearly care so much about the football club,” the English manager added, speaking ahead of a home match with Brighton & Hove Albion on Saturday.“The long-term planning that is clearly going on, on a number of levels, it’s exciting times ahead for the club, regardless of what happens short term…The desire is unchanged, to try and get to the top of the Premier League, to try and win as many trophies consistently as possible. I don’t think, while PIF are our owners, or part owners, majority owners, that will change.”In its statement announcing it was cutting funding to LIV Golf, PIF added that it remained committed to deploying capital internationally in line with its investment strategy, “including current and future investments in various sports as a priority sector”. Advertisement Newcastle enjoyed some …
