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

sportsApr 30, 202638797

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.

Cowabunga 1.2

@cowabunga1-2.bsky.social

The Saudis, having almost ended professional golf, now walk away from LIV golf. Leaving chaos and bitterness in their wake. It’s pretty funny! 😂😂😂

76345d ago

The Food & Wine Diva23

Every greedy golfer who readily sold their professional and personal integrity to the Saudis deserves to be banned from pro golf. Especially egregious was PGA’s complicity in the attempt to “sportswash” the evil Saudi regime. It proved they, like the NFL, NBA, etc., lack scruples.

Election_Every14

We told American golfers to honor 9/11 families when this started! I am glad #LivGolf is folding! #ETTD @pganews.bsky.social

donbpa.bsky.social12

It's exactly what I expected and I'm happy it's happened. I'm not happy about the PGA Tour allowing the traitors to return.

Cowabunga 1.212

They could just as easily walk away from Newcastle or any other “investment” in sports( washing).

The Chrome Onion11

I associate golf with people like Trump, so I am therefore not giving a shit about anything to do with this activity.

Phil Roberts9

Hilarious the the 🩸💰 stench is forever. The grifting players will have no home soon.

lillians6

Every golfer that left PGA for the Saudi money should be placed in some kind of quarantine before they are allowed to the PGA again.

AAK6

I’m proud to say I’ve never watched a second of LIV. Good riddance.

snowdrifter.bsky.social6

It's like they took a chainsaw to the sport......🤔🤔🤔🤔

James Lally4

I have lost the love for professional golf. DP World who sponsor the European Tour sacked their P & O workers on the Cairnryan to Larne service without any consultation with unions.

Claude the Irregular Dragon (TM)3

If I need something as exciting as watching golf, I'll watch grass grow.

Ralph J Brissette Jr3

Golf is the best way to spoil a wonderful walk

reneedodson.bsky.social3

Trumps was teaming up with LIV in hopes of hosting an international tournament. The Saudis are pissed he started a war!

frodosfriend.bsky.social3

…and in doing so takes all the money the orange troll was counting on to personally pocket from having those tournaments on his own golf courses. Karma strikes again.

𝙿𝚊𝚖𝚎𝚕𝚊 𝙳𝚘𝚕𝚋𝚢3

👏👏👏 I mean who could have seen this coming. You reap what you sow firmer PGA golfers.

Christopher3

Any heads been cut off yet? Maybe a hand??

Pooey Leroux3

Next can we get authoritarian governments out of cycling, looking right at you UAE.

Jerome2

Even my putter got a tingle

Ed2

Dear Saudis: Everything trump etc. etc. etc.

epluribus.bsky.social2

Well if they have finally killed golf I will give them a very small acknowledgement. The Tiger Woods/Trump merger has been fruitful as well. 😂

Medusa’s Snakes2

Golf Courses suck resources and often poison the environment. Golf Courses shouldn’t be in places where they tax the system- especially where they are favored in taxes for the benefit of the wealthy.

America Railroad Jr.

@mattiecamp.bsky.social

Wiyh the collapse of LIV golf, the miserable time Euro footballers have had in front of a dozen people a week, and the ruination of NRL players over the never-started R360 - if you are an athlete chasing a Saudi payday with anything more than a year left in your career you are an unpitiable doofus.

645d ago

Robin Byrd

@wh6785.bsky.social

Saudi Arabia sunk millions into LIV Golf in the hopes of sanitizing their awful human rights record, but found out that sinking money into mostly terrible golf players wasn’t a good idea. I’m glad that they are going away, and shame on those golfers who took their money.

845d ago

The Journal

@thejournal.ie

Saudi Arabia's sovereign wealth fund will stop financing LIV Golf at the end of the 2026 season, throwing the future of the breakaway tour into serious doubt, US media has reported. jrnl.ie/7027589

745d ago

Rob Eastaway

@robeastaway.bsky.social

LIV Golf takes its name from the Roman numerals for 54. Originally LIV featured 54 golfers playing 54 holes. Now, exactly 54 months after LIV was first announced, comes the news that Saudi Arabia is going to withdraw its funding. Sporting symmetry. www.bbc.co.uk/sport/golf/a...

445d ago

Dollyanna

@my2centsay.bsky.social

IF SAUDI ARABIA FOUND OUT THAT TRUMP WAS "TAKING THEM FOR A RIDE" ON LIV GOLF, WHICH IM SURE HE DID, THEY WOULD HAVE HIM BEHEADED. WE CAN HOPE.

345d ago

Quirky Media

@slingshotm.bsky.social

Saudi Arabia is set to end its huge financial backing of LIV Golf after 2026, putting the future of the breakaway tour in doubt. After billions spent and years of disruption, players may now look back to traditional tours. Big questions ahead for the sport.

145d ago

FOGOLF, FOLLOW GOLF

@fogolf.bsky.social

LIV Golf chairman set to quit and players ‘exploring options’ amid bombshell Saudi decision https://www.fogolf.com/1239584/liv-golf-chairman-set-to-quit-and-players-exploring-options-amid-bombshell-saudi-decision/ Yasir Al-Rumayyan is anticipated to step down as LIV Golf chairman as the …

145d ago

Richard-Lee Read

@richard-leeread.bsky.social

Saudi Arabia's PIF plans to stop financial support for LIV Golf after this season - LIV cost an estimated $5 billion in just four years (!) www.bloomberg.com/news/article...

145d ago

Roger Scott

@notadoctorshhh.bsky.social

LIV Golf Mexico City : 49,000 Viewers 2019 Cologuard Classic: 98,000 Viewers (PGA Senior Tour event) You know you have problems when a colonoscopy sounds more interesting to people than your event

145d ago

Chauman

@chaudman.bsky.social

The LIV golf stuff shows that if you allow sport to become a plaything for the ultra-rich you shouldn't be surprised when they get bored of that toy and pick something else up.

145d ago

Kengraving111

@kengraving.bsky.social

Saudi Arabia will withdraw its multi-billion $ backing of LIV Golf at the end of the season, plunging it's future into further doubt. 🤣🤣🤣 Hope PGA Tour don't just take them back. They should be excempt for at least 2 years to compete on the established tour. This,same as sly6 who went unpunished

144d ago

teams-ie.bsky.social

@teams-ie.bsky.social

LIV Golf losing Saudi backing, Ma'a Nonu eyeing a Test return at 43, and FPL managers scrambling for Arsenal players 👀 Big day in sport! https://teams.ie #IrishSport

45d ago

UK News 🇬🇧

@news-flows-uk.bsky.social

LIV Golf faces uncertain future with Saudi Arabia ‘to withdraw funding’ LIV Golf is expected to make on announcement on Thursday revealing a ‘new strategic plan’ and confirming the withdrawal of Saudi Arabia’s Public Investment Fund © Reuters

45d ago

News Ticker

@headline-feed.bsky.social

[BBC] SAUDI ARABIA TO STOP FUNDING LIV GOLF NEXT SEASON

45d ago

3 sources

independent.co.ukLIV Golf faces uncertain future with Saudi Arabia to withdraw funding fogolf.comLIV Golf stars make PGA Tour calls with Saudi funding over - FOGOLF - FOLLOW GOLF theguardian.comLIV Golf poised to inform players that Saudi funding will end this year

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

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