LIV Golf races against time for investment with confirmation Saudi funding will end in 2026

PIF ends investment after five years and $5bnLIV announces new independent board in funding pushLIV Golf’s race to secure at least a watered-down future is formally under way after Saudi Arabia’s ­Public Investment Fund (PIF) confirmed it will cease to fund the breakaway ­circuit at the end of this year. Fears over LIV’s existence are inescapable given the PIF has bestowed in excess of $5bn on the tour since 2021. Tournaments started in the following year; there is a very real chance the 2026 season will prove LIV’s last.LIV had already confirmed appointment of new board ­members, aimed with the specific task of ­raising finance, by the time the PIF stipulated its position on Thursday. “PIF has made the decision to fund LIV Golf only for the remainder of the 2026 season,” read a statement.