LIV Golf chiefs are set to inform players by Thursday that Saudi Arabia will no longer fund the rebel tour after this season, according to reports.
The Saudi-backed league was thrown into chaos earlier this month following shock claims that it could be scrapped, with execs meeting in New York City for an emergency summit.
Reports later emerged which cooled talk of an immediate collapse, instead confirming that LIV will continue to run as planned for the 2026 campaign, with CEO Scott O’Neil sending an email to employees reassuring them about the company’s future.
However, the Daily Mail reported on April 17 that multiple players and agents on the tour believe Saudi’s Public Investment Fund (PIF) will only continue bankrolling it until the conclusion of the current season in Michigan on August 30.
And now The Wall Street Journal claims LIV has officially lost PIF funding for beyond this season, with players and staff to be delivered the bad news by Thursday.
LIV Golf players are set to be told that the tour’s Saudi-funding will not continue next season
Earlier this month, O’Neill said the league has funding until the end of the season, but offered no guarantees on its survival beyond that.
‘The reality is that 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,’ he told TNT Sports at LIV’s recent tournament in Mexico.
‘But that’s not different from any other private equity-funded business in the history of mankind.’
