Skip to content
topics.

Saudi fund moves to withdraw funding from LIV Golf

sportsApr 15, 202624897

The New York Times reported on April 15, 2026 that the Saudi Public Investment Fund plans to back away from financing LIV Golf amid mounting financial pressures. Sergio Garcia told reporters that players were told the Saudi venture would run for "many years," comments that surfaced amid rumours of a possible collapse. LIV Golf had upended men's professional golf by recruiting top players with large purses, and the PIF pullback threatens the capital that underwrote those contracts.

Key Highlights

Saudi Public Investment Fund plans to back away from financing LIV Golf.
Sergio Garcia said players were told the venture would run "many years."
LIV recruited top players and relied on Saudi funding for large purses.
2 sources
nytimes.comSaudi Fund to Back Away From LIV Golf Under Mounting Financial Pressuresthemirror.comLIV Golf on verge of losing Saudi funding in bombshell twist

Related

Arda Güler scores inside 1 minute as Real Madrid stun BayernsportsArsenal hold Sporting 0-0 in tense Champions League second legsportsSaudi fund moves to withdraw funding from LIV GolfsportsA'ja Wilson signs largest WNBA contract, three years $5Msports