Why is Saudi Arabia pulling funding from LIV Golf?

Saudi Arabia's Decision to Withdraw

Saudi Arabia's Public Investment Fund, which backs LIV Golf, is pulling its investment after the 2026 season concludes. The decision comes after reports surfaced in mid-April 2026 questioning the league's financial future. Multiple media outlets reported the withdrawal, with the announcement officially confirmed on April 29, 2026.

Financial Struggles and Performance

Despite signing major names including Bryson DeChambeau, Jon Rahm, and Phil Mickelson, LIV Golf has struggled significantly since its 2022 launch and has lost a substantial amount of money. The league has failed to gain the traction anticipated when the Saudi-backed venture began operations.

New Orleans Event Postponement

The New Orleans event scheduled for June 25, 2026 was postponed to fall 2026 following reports of financial uncertainty. Louisiana officials and LIV Golf agreed to move the event due to the league's changing business model. Louisiana had committed $7 million in spending, with about $3 million already invested in course improvements and hosting fees. LIV Golf is returning $1.2 million to the state.

Leadership Response and Season Continuation

LIV Golf CEO Scott O'Neil countered initial withdrawal reports on April 15, emailing staff that the league was fully funded and continuing as planned. The league held its Mexico City event as scheduled and proceeded with other tournaments. The 2026 season features 14 events spanning 10 countries and five continents, with new broadcast partnerships including a 2026 deal with Sony Pictures Networks India for South Asian coverage.