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Saudi PIF Set to Withdraw Support for LIV Golf

4/16/2026

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Story summary
  • The Saudi Public Investment Fund (PIF) is poised to withdraw support for LIV Golf and may announce the decision soon.
  • The shift follows the US-Israeli war on Iran and a reassessment of stalled Saudi megaprojects.
  • Yasir al-Rumayyan, governor of the Saudi Public Investment Fund, says 80% of funds will be allocated domestically.
  • The move could jeopardize LIV Golf's future, given losses since inception, though Mexico City's tournament remains scheduled.