Saudi Arabia’s Public Investment Fund (PIF) has said it will no longer sponsor the LIV Golf programme.
In a statement, the sovereign wealth fund said the decision to cease funding LIV Golf was a consequence of the current macro environment and its own investment priorities.
While the PIF will fund LIV Golf for the remainder of the 2026 season, the organisation said it no longer had appetite to fund the programme over the longer term.
“LIV Golf has substantially grown the game globally through its transformational and positive impact,” a PIF spokesperson said in a media statement. “It has forever changed the game of golf for the better.
“This decision has been made in light of PIF’s investment priorities and current macro dynamics. The LIV Golf Board has created a committee of independent directors to evaluate strategic alternatives for its future beyond PIF’s funding horizon.”
The spokesperson said the PIF remains committed to deploying capital internationally in line with its investment strategy and that this will include “its substantial current and future investments in various sports as a priority sector.”
Although PIF is withdrawing from LIV Golf after the 2026 season, Sky Sports reported that it remains committed to substantial current and future investments in various sports, naming football, boxing, and snooker as ongoing priority sectors.