Saudi PIF to End LIV Golf Funding After Season

Saudi Arabia's Public Investment Fund plans to end its financial support for LIV Golf after the current season, with league officials expected to notify players and staff as early as Thursday, according to people familiar with the matter.

The Wall Street Journal reported the development Wednesday, citing sources who said the sovereign wealth fund, which has bankrolled the league since its 2022 launch, will withdraw backing once the season concludes in late August. LIV Golf CEO Scott O'Neil addressed speculation earlier this month ahead of an event in Mexico City, stating, "The reality is you're funded through the season, and then you work like crazy as a business to create a business and a business plan to keep us going. But that's not different from any other private equity-funded business in the history of man."

LIV Golf, which offered lucrative contracts to lure top players from the PGA Tour, has faced mounting questions about its viability. The league postponed its planned June tournament in New Orleans, with Louisiana officials citing the need for LIV to restructure finances and secure additional funding. The event may be rescheduled for the fall. In an email to employees...