Sergio GarcÃa made it clear that he cannot provide any new information about the status of LIV Golf beyond what has already been communicated to the players, even as speculation about the tour's viability continues to swirl. The comments came ahead of the next LIV event, which is set to take place in Mexico City later this week, and they reflect the uncertainty that has surrounded the league since Tuesday night when rumors began to surface on social media suggesting that the venture might be in jeopardy.
The speculation intensified after The Daily Telegraph reported on Wednesday that senior LIV Golf officials had been summoned to an emergency meeting in New York. Shortly thereafter, the Financial Times published a story indicating that the Public Investment Fund (PIF) of Saudi Arabia – the sovereign wealth fund that bankrolls the league – was reportedly reconsidering the level of financial support it would continue to provide.
The FT story stressed that no final decision had been reached, but the mere suggestion of a potential pull‑back has added fuel to an already heated debate. According to Sky Sports, many of the tour's participants are feeling confused and uneasy, eager for reassurance about their contracts and future playing opportunities. However, team captains – a role that includes GarcÃa – have reportedly not been briefed on any imminent announcements, leaving them unable to offer definitive answers to their teammates. Despite the chatter, activity at Club de Golf Chapultepec in Mexico City continued as normal on Wednesday.
Players were seen practising on the fairways and putting greens in preparation for the first round scheduled for Thursday. Earlier reports that access to the course had been denied or that the venue's power had been switched off proved to be inaccurate. Jon Rahm, who was slated to hold a pre‑event press conference on Tuesday, saw his appearance cancelled due to what LIV described as technical difficulties.
GarcÃa, however, was able to speak to the media on Wednesday. When asked about the growing speculation, the former Masters champion answered in Spanish, emphasizing his loyalty to the league's leadership. "Honestly, we aren't going to listen to anything except for what Yasir told us at the start of the year – that he stands behind us and that there is a long‑term project in place," GarcÃa said. "There are always rumours, but I can't tell you anything beyond what we already know." The Golf Channel's Rich Lerner posted on X (formerly Twitter) that pairings for the first round had already been released, suggesting that the tournament would proceed as planned.
He added that the players would likely receive more clarity about their situation by mid‑afternoon on the day of the event. Sky Sports News chief correspondent Kaveh Solhekol offered a broader perspective on the financial backdrop. He explained that the PIF, which invests Saudi Arabia's oil revenues to diversify the kingdom's economy, has recently unveiled a new five‑year investment strategy.
While sport is not listed as a separate pillar in the updated plan, Solhekol noted that Saudi officials often categorize sport under the broader headings of tourism and entertainment. "I don't think they are abandoning sport altogether," Solhekol said, "but they are certainly re‑evaluating priorities and looking for a stronger business case.
The PIF has already poured roughly $5 billion into LIV Golf, and the league is expected to operate at a loss for the next five to ten years. Going forward, any further investment will need to demonstrate a clear return on capital." He continued, "Saudi Arabia will likely keep supporting high‑profile sports such as football, Formula 1, boxing, tennis and, of course, golf, but future deals will be scrutinised more rigorously. The kingdom wants to avoid the perception of simply throwing money at every sporting venture without a strategic rationale." The commentator also referenced the ongoing conflict in the Middle East and its economic repercussions, especially for Gulf economies, suggesting that the Saudi government is now adopting a more cautious stance on discretionary spending.
LIV Golf was launched in 2021 with backing from the PIF, positioning itself as a challenger to the PGA Tour and the DP World Tour. Its entry disrupted the professional golf landscape, prompting several high‑profile players – including Phil Mickelson, Jon Rahm and Dustin Johnson – to defect to the breakaway circuit.
Initially the tour featured 54‑hole events, but it announced a shift to a 74‑hole format for the 2026 season in an effort to secure Official World Golf Ranking points. In conjunction with the format change, LIV also revealed a substantial increase in prize money for 2026: a total fund of $30 million, with the team component rising to $10 million and the individual purse remaining at $20 million. The league started with 12 teams and 48 players, later expanding to 13 teams.
However, it has recently lost two marquee names: five‑time major champion Brooks Koepka and former Masters champion Patrick Reed. Koepka has returned to the PGA Tour, while Reed is seeking reinstatement for the 2027 season and is currently competing on the DP World Tour. Both players announced their departures via social media. Koepka posted on X, "When I was a kid I dreamed of playing on the PGA Tour, and I'm thrilled to announce my return.
Being closer to home and spending more time with my family makes this move especially meaningful. I believe in the PGA Tour's new leadership, investors and equity program that gives players a real ownership stake." Reed's statement read, "After careful thought, my family and I have decided I will no longer compete on the LIV Golf Tour. I'm a traditionalist at heart, born to play on the PGA Tour, where my story began with my wife, Justine.
I'm moving forward in my career and look forward to competing on the PGA Tour and DP World Tour. I can't wait to get back out there and revisit some of the best courses on earth." Both Koepka and Reed finished tied for 12th at the 2026 Masters. Other LIV alumni had mixed results: Tyrell Hatton posted a strong tied‑third finish at 10 under, just two strokes behind champion Rory McIlroy, while five of LIV's ten participants missed the cut at Augusta National, including two‑time major winner Bryson DeChambeau, who recorded rounds of 76 and 74, the latter featuring a triple‑bogey on the 18th hole. Sergio GarcÃa himself struggled, ultimately finishing tied‑38th, and Jon Rahm missed the cut, ending the tournament in a tie for 52nd.
Dustin Johnson posted a tied‑33rd finish, and Charl Schwartzel landed 54th. The future of LIV Golf remains uncertain, but the league continues to operate while its backers reassess the financial model. As the situation evolves, players, captains and fans will be watching closely for any official announcements that could shape the next chapter of professional golf.