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It appears that Saudi Arabia has reached its spending limit on LIV Golf.
Saudi Arabia’s Public Investment Fund (PIF), the sole financier of the breakaway golf tour, announced a new five-year investment strategy on Wednesday focused on reprioritizing spending, and spending hundreds of millions of dollars more on LIV Golf does not appear to be part of the plan.
The Financial Times reported that the PIF was “on the verge of reducing its support” for LIV Golf. An announcement regarding Saudi involvement – or lack thereof – in LIV could come as soon as Thursday, according to the report.
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Bryson DeChambeau of Crushers GC plays during day four of the LIV Golf South Africa at the Steyn City Club in Johannesburg, South Africa on March 22, 2026. (Johan Rynners/Getty Images)
Longtime author and golf journalist Alan Shipnuck also relayed on
The immediate future of LIV Golf would be completely uncertain if the Saudi PIF ceased its financing. The big unknown is how or if the league will continue to operate, and in what capacity, as well as what the future might look like for its many players.
This potentially game-changing news comes after several months of speculation that operationally – both in front of and behind the scenes – things had reached a tipping point in terms of spending, big players leaving the tour and general interest in LIV Golf stalling.
In late February, it was reported that LIV Golf’s monthly net spending averaged $100 million in 2024 and 2025. For the 2026 season, the fifth Saudi PIF governor, Yasir Al Rumayyan, reportedly approved a new capital injection of $266.6 million into the tour, bringing the Saudi PIF’s cumulative investment in LIV Golf to $5.3 billion since 2021.
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A general view of the LIV GOLF logo during the first round of the LIV Golf Invitational Series on July 29, 2022 at Trump National Golf Club in Bedminster, New Jersey. (Rich Graessle/Icon Sportswire via Getty Images)
The Saudi PIF reportedly injected more than $1 billion into LIV Golf in 2021, 2022, 2024 and 2025. With the injection of $266 million to start 2026, an increase in season funds and a net spend of $100 million per month, the Saudi PIF’s cumulative investment was expected to exceed $6 billion by the end of 2026.
Although minor details are compared to billions in spending, LIV has moved from its original tournament format of playing 54-hole events to 72-hole events starting in 2026, resulting in the league being recognized by the Official World Golf Ranking (OWGR) system for the first time since its inception. Players receiving OWGR points have made their access to major golf championships more accessible.
Five-time major champion Brooks Koepka, along with former Masters champion Patrick Reed, dealt a major blow to LIV with surprising exits from the tour in January 2026. Kopepka has already returned to the Tour through its returning members program, while Reed is set to get his Tour card back ahead of the 2027 PGA Tour season.
Bryson DeChambeau, Phil Mickelson, Jon Rahm, Joaquin Niemann and Tyrrell Hatton headlined the circuit this season.
Brooks Koepka on the 11th hole of Old White at the Greenbrier on August 18, 2024. (Bob Donnan/USA TODAY Sports)
LIV is scheduled to hold a tournament in Mexico City starting Thursday. As rumors of an explosive announcement regarding the future of the tour began to gain traction, a report published Wednesday by The Telegraph explained that LIV Golf executives had been called to a meeting in New York and that none of them were on site in Mexico on Tuesday.
LIV Golf held its inaugural event in England in June 2022. After the PGA Tour spent the better part of a year distancing itself from the tour in every way imaginable, the Tour announced a merger with LIV Golf three days before the tour’s first anniversary. The 2023 announcement marked the start of a partnership combining the Tour’s own activities with the commercial activities and rights of the Saudi Public Investment Fund (including LIV Golf) as well as the DP World Tour into a new collective for-profit entity.
Aside from the merger announcement, there has been little information about the partnership’s next steps. The Tour’s official release announcing the merger stated that LIV Golf would technically dissolve, with PIF taking a very large seat at the table that governs the PGA Tour and professional golf.
