Report: LIV Golf to notify players that Saudi funding is officially coming to an end

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The long-term funding for LIV Golf, the Saudi-backed breakaway golf tour, has been in question for several weeks, ever since Saudi officials outlined a financial future that did not mention ongoing sports investment. Now, according to a new report in the Wall Street Journal, players will be notified Thursday that funding is officially coming to an end.

The WSJ reports that the Saudi Public Investment Fund (PIF), which has poured billions into the tour over its four-plus years of existence, will end its funding as of the end of this season. The loss of PIF backing would all but certainly end LIV Golf in its current incarnation, with small fields of highly paid players competing for massive tournament purses.

Yahoo Sports has reached out to LIV Golf for comment.

LIV began in the early 2020s as a breakaway golf league offering players as much as nine-figure signing bonuses, and a significant number of notable players, primarily those on the back half of their careers, jumped at the opportunity for one more major paycheck. But LIV was also able to attract several stars in the primes of their careers — Brooks Koepka, Bryson DeChambeau and Jon Rahm — and, for a moment, appeared to be a viable competitor, and even an existential threat, to the PGA Tour itself.

https://sports.yahoo.com/golf/article/report-liv-golf-to-notify-players-that-saudi-funding-is-officially-coming-to-an-end-203705125.html