Saudi Arabia's sovereign wealth fund will stop financing LIV Golf at the end of the 2026 season, throwing the future of the breakaway tour into serious doubt, U.S. media reported Wednesday.
LIV Golf, founded in 2022 as a main rival to the PGA Tour, plans to inform staff and players on Thursday that the Saudi Public Investment Fund will no longer bankroll the circuit beyond this summer, the Wall Street Journal said.
The league, which spent billions of Saudi dollars to lure many of the world's top players including Bryson DeChambeau and Phil Mickelson, will "evaluate strategic alternatives" to continue operating, CNBC reported.
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