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Saudi Arabia’s Public Investment Fund is canceling its LIV Golf financing.
The Wall Street Journal reported Wednesday that after weeks of speculation, LIV Golf will inform its players on Thursday that the Saudis will no longer fund the league, founded by Greg Norman, after this season.
LIV Golf CEO Scott O’Neil all but confirmed previous reports this month.
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LIV Golf is facing potential funding issues after being denied Official World Golf Ranking points, a development that may frustrate players.
“The reality is that you receive funding all season long and then you work like crazy as a business to create a business and a business plan to keep us going. But that’s no different than any other privately funded business in the history of man,” O’Neil said before the golf circuit event in Mexico City.
O’Neil reportedly sent an email to his staff amid initial reports that the season would go “exactly as planned, uninterrupted and at full speed,” but plans apparently changed and LIV announced that its June tournament in New Orleans has been postponed with a date to be determined.
O’Neil said the prospect of a new business plan “excited” him.
Scott O’Neil attends a press conference in Johannesburg to announce the return of LIV Golf in 2027 on March 22, 2026. (Johan Rynners/Getty Images)
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I talked about some structural changes: they are coming. You can ask the 50 people I met in Augusta and put the plan into action. “We have one, it might surprise some people…” he said.
“This notion of ‘Do you have to raise money?’ Probably. This is a business. But if we keep the trajectory where we are and the revenue growth, this will be a really good business for a long time.”
LIV began in 2022 and has produced two big winners: Brooks Koepka, who has since rejoined the PGA Tour, at the 2023 PGA Championship, and Bryson DeChambeau at the 2024 US Open.
LIV Golf went from its 54-hole format, a tie for golfers defecting from the PGA Tour, to 72 starting this season. Patrick Reed is also ready to rejoin the PGA Tour.
Scott O’Neil during day four of LIV Golf South Africa at The Club at Steyn City in Johannesburg on March 22, 2026. (Johan Rynners/Getty Images)
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There is speculation that DeChambeau and Jon Rahm’s contracts are up after this season, leaving their futures in golf up in the air.
LIV Golf did not immediately respond to a request for comment from Pak Gazette Digital.
