Saudi Arabia Ends LIV Golf Investment

Saudi Arabia's Public Investment Fund (PIF) has confirmed it will stop funding the controversial LIV Golf tour after the 2026 season. The decision marks a significant shift in the kingdom's sports investment strategy, as PIF officials stated that the substantial investment required by LIV Golf no longer aligns with their current investment strategy. iwanktv.club

LIV Golf, which began in 2022, attracted many top players away from traditional PGA and European tours with lucrative contracts. The move has intensified the ongoing conflict between LIV and established golf organizations, which have penalized players who switched tours. Previous attempts to resolve the differences between PGA and LIV failed to reach an agreement.