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Saudi fund to withdraw backing of LIV Golf at season's end

sportsApr 30, 20263678

Saudi Arabia's Public Investment Fund will withdraw its financial backing of LIV Golf after the 2026 season, leaving the breakaway tour's future in doubt. Yasir Al-Rumayyan, the PIF governor WHO co-founded LIV in 2021, is expected to step down as chairman. The fund invested an estimated $5 billion into LIV over four years to buy player contracts and underwrite oversized prize funds. Losing that capital threatens LIV's guaranteed contracts and prize pools and could push many players back toward the PGA Tour and other established circuits.

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