LIV Golf: Saudi Arabia to withdraw funding at season’s end

Al-Rumayan co-founded LIV in 2021 and was the tour’s most powerful figure.

This week LIV He extended the June event He will have no competition in the US when he travels to Trump’s Bedminster in New Jersey, from May 10 to August 6 in New Orleans.

BBC Sport is said to be in “constructive” talks with investors and hopes to continue international touring with LIV as a team model.

Executives are exploring a number of options to “reposition” the business, sources said. LIV Golf is on track to make $100m (£86m) more revenue in 2026 than last season, he said.

But officials admit that the series needs to be scaled back significantly and has far fewer incidents.

The team captains have been warned that the company will announce plans to find new financial backers on Thursday.

LIV declined to comment.

This month, LIV Golf chief executive Scott O’Neill told players the 2026 season would go ahead “as planned and uninterrupted” amid rumors the tour was about to collapse, although he did not mention what might happen next.

It comes as the PIF has announced a new strategy focusing on more sustainable investments.

The LIV project, which this year brought back to the traditional 72-hole format, was bankrolled with eye-watering cash from PIF.

With $267 million (£229m) of new capital coming in this year, total investment has surpassed $5bn (£3.8bn).

The tour’s net loss was In 2024, it will increase to $462 million (£340m) in non-US markets, meaning it will lose more than $1.1 billion (£810m) from its 2021 set.

With the huge amount of money poured into the US arm of the operation, the loss looks set to run into several billion dollars.

PIF is available for comment.