LIV Golf’s future is uncertain

Reports surfaced yesterday that the PIF is poised to cut funding for LIV Golf, coinciding with updates regarding the sovereign wealth fund’s new five-year strategy. The New York Times, the Financial Times (FT), and the Wall Street Journal all ran stories on the development, citing unnamed sources familiar with the decision. The Daily Telegraph first came out with reports yesterday that LIV Golf executives attended “an emergency summit,” without disclosing the reason behind it. An official verdict on the upstart league’s fate could come as soon as today, the FT reported.

Another report says otherwise: A report contradicting the news claims that LIV Golf’s upcoming 2026 season remains on schedule — complete with PIF’s full backing, Reuters reported early this morning, citing another unnamed source.

Why this matters: Pulling the plug on what was a significant part of PIF’s global positioning would speak volumes to Saudi Arabia’s recent recalibration of priorities, prompted by the outbreak of the US-Iran war. This could signal a redirection of Riyadh’s capital from more speculative ventures toward housing and infrastructure — priorities with the looming deadline of Vision2030.