Saudi Arabia to stop funding LIV Golf next season

LIV Golf Virginia at Trump National Golf Club near Washington, D.C., is scheduled to begin.

The LIV Golf project pivoted to a traditional 72-hole format this year.

PIF announced a new strategy focusing on more sustainable investments as part of its approach shift.

Executives said LIV Golf is exploring opportunities to reposition the business and will be significantly scaled back, with far fewer than the current 14 events; the tour is on track to earn about $100m more in 2026 than in 2025.

PIF governor Yasir Al-Rumayyan is reported to be stepping down from LIV Golf's board as part of leadership changes.

LIV postponed its June event in New Orleans; there will be no LIV tournaments in the US between May 10 and August 6, while events are still planned in South Korea, Spain and Britain during that period.

Saudi Arabia will withdraw its multi-billion dollar backing of LIV Golf at the end of the season; LIV plans a 'new strategic plan' and to appoint new independent board members to move forward.

Amid reports that some LIV golfers have approached the PGA Tour and DP World Tour to explore possible returns, it remains unclear if a potential demise would reopen such paths.

LIV Golf chief executive Scott O'Neil told players the 2026 season would continue 'as planned and uninterrupted' despite rumours of collapse.

Rahm, Bryson DeChambeau and Phil Mickelson, along with Cameron Smith, declined a one-time PGA Tour reinstatement under its Returning Member Programme; Brooks Koepka accepted the offer and paid fines reported to be around £63m.

LIV's overall investment surpassed $5 billion with a fresh capital injection of $267 million this year.

LIV Golf’s net losses in markets outside the US rose to $462 million in 2024, contributing to total losses of more than $1.1 billion since LIV’s 2021 launch.

LIV Golf was established in 2021.