Saudi Arabia’s Public Investment Fund will end funding of the LIV Golf league after the 2026 season, two people familiar with the matter told CNBC’s Sara Eisen, leaving the controversial golf venture in limbo.
The league, founded in 2021, was positioned as a rival to the PGA Tour and drew high-profile athletes. In 2023, it agreed to merge with the PGA Tour, but that deal has yet to come to fruition.
A committee of independent directors will evaluate strategic alternatives for the league after PIF pulls its funding, according to the people, who spoke on the condition of anonymity to discuss internal matters.
LIV declined to comment.
LIV Chief Executive Officer Scott O’Neil alluded to the idea that PIF could pull its funding in a broadcast interview earlier this month from a LIV tournament in Mexico City.
