LIV Golf faces funding crisis as PIF withdraws support

Professional golfer Carlos Ortiz expressed concern on Friday about the future of the LIV Golf League, describing its outlook as "a little bit tough" as the circuit seeks new financial backing. Ortiz made the comments following his second round at the DP World Tour's BMW International Open in Munich, Germany, where he was near the top of the leaderboard.

The uncertainty stems from the decision by Saudi Arabia's Public Investment Fund (PIF) to end its financial support for the league. The fund announced the move earlier this year, with reports indicating the withdrawal is set for the conclusion of the 2026 season. According to financial reports, LIV Golf is currently operating on loans to complete its current campaign while its leadership searches for new investment, estimated to be around $300 million, to continue operations into 2027.

Ortiz, a 35-year-old Mexican player who joined LIV in 2022, acknowledged the difficult situation but remained philosophical about his own career. He stated that while he has enjoyed his time with the league and his team, Torque GC, he is confident he will find a place to play golf regardless of the outcome. Several other LIV players are competing...