LIV Golf will see their funding from the Saudi Arabia Public Funding Fund (PIF) withdrawn after the 2026 season.
LIV Golf might want to search for new buyers (Picture: Getty) This text comprises affiliate hyperlinks, we’ll obtain a fee on any gross sales we generate from it. Be taught extra
LIV Golf has obtained the information that the Saudi Arabia Public Funding Fund (PIF) will withdraw funding from the breakaway league on the finish of the 2026 season. Earlier at the moment, the league introduced a brand new unbiased board with Gene Davis and Jon Zinman to “information the league” into its latest part.
Now, the buyers have issued their very own assertion relating to the withdrawal of funding. They mentioned: “PIF has made the choice to fund LIV Golf just for the rest of the 2026 season. The substantial funding required by LIV Golf over a long term is not in line with the present part of PIF’s funding technique.
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“This choice has been made in mild of PIF’s funding priorities and present macro dynamics. The LIV Golf Board has created a committee of unbiased administrators to judge strategic alternate options for its future past PIF’s funding horizon. LIV Golf has considerably grown the sport globally by way of its transformational and optimistic affect.
“It has perpetually modified the sport of golf for the higher. PIF stays dedicated to deploying capital internationally in keeping with its funding technique, together with its substantial present and future investments in varied sports activities as a precedence sector.”
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Present LIV Golf chairman Yasir Al-Rumayyan is predicted to depart, with Davis and Zinman planning to guide the cost for brand spanking new “long-term monetary companions.”
Bryson DeChambeau’s future is now unsure with LIV (Picture: Getty)
It’s understood that the way forward for the league was mentioned between the 13 group captains – together with Jon Rahm and Bryson DeChambeau.
Davis, who’s now the chairman of the Impartial Administrators Committee for LIV, believes the league nonetheless has a future in golf. He mentioned: “The manager management group, together with Jon and I, see a transparent alternative to assist the league formalise its construction, entice and safe long-term capital, and place the enterprise for progress whereas persevering with to advertise the sport the world over.
“We stay up for positioning LIV Golf for future success.”
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