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It seems that Saudi Arabia has reached its spending limit on LIV Golf.
Saudi Arabia’s Public Investment Fund (PIF), the sole financier of the breakaway golf circuit, announced on Wednesday a new five-year investment strategy focused on reprioritizing spending, and spending hundreds of millions of dollars more on LIV Golf does not appear to be part of the plan.
The Financial Times reported that the PIF is “on the verge of cutting its support” for LIV Golf. According to the report, an announcement regarding Saudi participation (or lack thereof) in LIV could come as early as Thursday.
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Bryson DeChambeau of Crushers GC plays during day four of LIV Golf South Africa at The Club at Steyn City in Johannesburg, South Africa on March 22, 2026. (Johan Rynners/Getty Images)
Author and veteran golf reporter Alan Shipnuck also relayed a message on
LIV Golf’s immediate future would be completely up in the air if the Saudi PIF cut off funding. The big question is how or if the league will continue to operate and in what capacity, as well as what the future will look like for its many players.
The news, which could change the sport, comes after many months of speculation that operationally, both in front and behind the scenes, things had reached a tipping point in terms of spending, big-name players leaving the circuit and general interest in LIV Golf stagnating.
In late February, LIV Golf’s monthly net spending was reported to have averaged $100 million in 2024 and 2025. For the 2026 season, LIV’s fifth, Saudi PIF Governor Yasir Al Rumayyan approved a new capital injection of $266.6 million into the circuit, bringing Saudi PIF’s cumulative investment in LIV Golf to $5.3 billion since 2021.
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A general view of the LIV GOLF logo during Round 1 of the LIV Golf Invitational Series on July 29, 2022 at Trump National Golf Club in Bedminster, New Jersey. (Rich Graessle/Icon Sportswire via Getty Images)
The Saudi PIF reportedly injected more than $1 billion into LIV Golf in 2021, 2022, 2024 and 2025. The injection of $266 million to start in 2026, an increase in prize funds for the season and net spending of $100 million per month, the Saudi PIF’s cumulative investment was due to exceed $6 billion by the end of 2026.
While details are minor compared to billions in spending, LIV moved from its original tournament format of playing 54-hole events to 72-hole events starting in 2026, resulting in the league being recognized by the Official World Golf Ranking (OWGR) system for the first time since its inception. Players who received OWGR points made their path to major golf championships more accessible.
Five-time Major champion Brooks Koepka, along with former Masters champion Patrick Reed, dealt a blow to LIV with surprising departures from the tour in January 2026. Kopepka has already returned to the Tour through its Returned Members Program, while Reed is set to regain his Tour card ahead of the 2027 PGA Tour season.
Bryson DeChambeau, Phil Mickelson, Jon Rahm, Joaquin Niemann and Tyrrell Hatton were the starting players on the circuit this season.
Brooks Koepka on the 11th hole at The Old White at Greenbrier on August 18, 2024. (Bob Donnan/USA TODAY Sports)
LIV will host a tournament in Mexico City starting Thursday. As rumors of an explosive announcement regarding the circuit’s future began to gain steam, a Wednesday report from The Telegraph explained that LIV Golf executives had been summoned to a meeting in New York, and none of the executives were in Mexico on Tuesday.
LIV Golf held its inaugural event in England in June 2022. After the PGA Tour spent the better part of a year distancing itself from the tour in every way imaginable, the Tour announced a merger with LIV Golf three days before the tour’s one-year anniversary. The 2023 announcement marked the start of a partnership that combined the Tour’s own business with the businesses and commercial rights of the Saudi Public Investment Fund (including LIV Golf) as well as the DP World Tour into a new, collectively owned, for-profit entity.
Aside from the merger announcement, there were few updates on what the partnership’s next steps would look like. The Tour’s official statement announcing the merger said LIV Golf would technically dissolve, and the PIF would take a very large seat at the table that operates the PGA Tour and professional golf.
