Saudi PIF Announces Withdrawal of LIV Golf Funding
Saudi Arabia's sovereign wealth vehicle, the Public Investment Fund (PIF), has officially confirmed that it will cease all financial support for LIV Golf at the conclusion of the 2026 season. In a Thursday‑issued statement, the fund explained that the "substantial investment required is no longer consistent" with its evolving investment strategy and the broader macro‑economic environment.
The a…
April 30, 2026, 12:30 p.m.