https://arab.news/655uv
- PIF said the level of long-term investment required by LIV Golf was no longer aligned with its current strategy
RIYADH: Saudi Arabia’s Public Investment Fund said Thursday it will fund LIV Golf only through the remainder of the 2026 season, according to a statement seen by Arab News.
PIF said the level of long-term investment required by LIV Golf was no longer aligned with its current strategy, citing shifting priorities and broader macroeconomic conditions.
The league’s board has established a committee of independent directors to explore strategic options beyond PIF’s funding horizon.
Despite the move, PIF said LIV Golf had “substantially grown the game globally” and delivered a “transformational and positive impact,” adding that it had “forever changed the game of golf for the better.”
The fund reiterated its commitment to investing internationally, including maintaining sport as a priority sector, with existing and future investments still planned.