Saudi Arabia will withdraw its multi-billion dollar backing of LIV Golf, but what does this mean for the country's other sporting investments? Dan Roan takes a closer look.

A committee of independent directors will evaluate strategic alternatives for LIV Golf after PIF pulls its funding, people familiar with the matter told CNBC.

Saudi Arabia's sovereign wealth fund is pulling LIV Golf backing, leaving major champions like Jon Rahm, Bryson DeChambeau without a tour.