LIV Golf (LIV) Faces Funding Halt by PIF After 2026 Season

AI Summary

The Saudi Arabia Public Investment Fund (PIF) will cease funding the LIV Golf league after the 2026 season, leaving the league's future uncertain. Founded in 2021, LIV Golf previously sought to rival the PGA Tour, enlisting high-profile athletes. LIV Golf is on track to earn $100 million more in revenue in 2026 compared to the previous year, due to new partnerships with brands including Rolex and HSBC. However, with CEO Scott O'Neil's mention of exploring alternative financial partners and some star contracts expiring, the league must secure new investors soon.