Saudi Arabia’s Public Investment Fund pulling the plug on LIV Golf funding after four years: report

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Saudi Arabia’s Public Investment Fund is pulling the plug on itsLIV Golffunding.

The Wall Street Journalreported Wednesday that, after weeks of speculation, LIV Golf will be telling its players by Thursday that the Saudis will no longer be funding the league founded by Greg Norman after this season.

LIV Golf CEO Scott O’Neil all but confirmed earlier reports this month.

Jon Rahm of Legion XIII celebrates after winning the final round of LIV Golf Mexico City at Club de Golf Chapultepec April 19, 2026, in Mexico City. (Hector Vivas/Getty Images)

“The reality is you’re funded through the season, and then you work like crazy as a business to create a business and a business plan to keep us going.But that’s not different from any other private equity-funded business in the history of man,” O’Neil said ahead of the golf tour’s event in Mexico City.

O’Neil reportedlysent an email to his staffamid the initial reports that the season would go “exactly as planned, uninterrupted and at full throttle,” but plans apparently changed.And LIV announced its June tournament in New Orleans was postponed with a date to be determined.

O’Neil said the prospect of a new business plan “excited” him.

Scott O’Neil attends a news conference in Johannesburg to announce LIV Golf’s return in 2027 on March 22, 2026.(Johan Rynners/Getty Images)

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“I talked about some structural changes — they’re coming.You can ask just about the 50 people I met at Augusta, I rolled out the plan.We have one.It might surprise some people,” he said.

“This notion of, ‘Do you have to raise money?’ Probably.This is business.But if we keep the trajectory going the way we are and the revenue growth going, this is going to be a really good business for a really long time.”

LIV began in 2022 and has produced two major winners inBrooks Koepka, who has sincerejoined the PGA Tour, at the 2023 PGA Championship, and Bryson DeChambeau at the 2024 U.S.Open.

LIV Golf shifted from its 54-hole format, a draw for golfers defecting from the PGA Tour, to 72 beginning this season.Patrick Reed is also set to rejoin the PGA Tour.

Scott O’Neil during LIV Golf South Africa at The Club at Steyn City in Johannesburg March 22, 2026.(Johan Rynners/Getty Images)

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It is speculated thatDeChambeau’s and Jon Rahm’s contractsboth end after this season, leaving their golf futures up in the air.

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