LIV Golf signage is seen on the course before play begins on day two of the LIV Golf Invitational - Greenbrier at The Old White Course on August 05, 2023 in White Sulphur Springs, West Virginia.(Photo by Eakin Howard/Getty Images) (Eakin Howard/Getty Images)Saudi Arabia’s Public Investment Fund (PIF) halted funding in April to redirect money toward domestic projects and manage financial pressures from the regional war with Iran.
Following the decision, PIF governor Yasir Al-Rumayyan resigned from LIV’s board.INEVITABLE OUTCOME ARRIVES FOR LIV GOLF AS SAUDIS OFFICIALLY PULL PLUG ON FUNDINGBetween 2021 and 2026, LIV spent an estimated $5 billion to $8 billion.Bankruptcy filings show the league owes millions of dollars in unpaid compensation to top players, including Jon Rahm, Bryson DeChambeau, Dustin Johnson and Cam Smith.The organization has laid off most of its operational staff, left event contractors waiting for payment and faces a lawsuit from the Premier Golf League alleging breach of confidence and conspiracy.The LIV Golf logo is near the first tee during the second round of the LIV Golf Dallas golf tournament at Maridoe Golf Club in Carrollton, Texas, on June 28, 2025.
(Raymond Carlin III-Imagn Images)LIV Golf could be completely out of funding.(Photo by Ben Hsu/Icon Sportswire via Getty Images) PIF provided $50 million to help LIV pay its bills and continue operating during the bankruptcy case.
The league’s future depends on a proposed restructuring plan called "LIV 2.0."THE CRAIG CARTON SHOW–UNFILTERED, UNAPOLOGETIC AND UNMISSABLE.DOWNLOAD HIS DAILY PODCAST NOW!Under the proposal, London-based private equity firm BC Partners, which has financial ties to player agency GSE Worldwide, would fund a 2027 relaunch.
The plan would also give the players majority ownership of the league.LIV CEO Scott O’Neil outlined a new format for the proposed reboot, including 75-player fields, 72-hole tournaments, cuts, Monday qualifiers and a national team structu...