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Saudi Arabia's Public Investment Fund is pulling nan plug connected its LIV Golf funding.
The Wall Street Journal reported Wednesday that, aft weeks of speculation, LIV Golf will beryllium telling its players by Thursday that nan Saudis will nary longer beryllium backing nan league, founded by Greg Norman, aft this season.
LIV Golf CEO Scott O'Neil each but confirmed nan earlier reports this month.
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LIV Golf faces imaginable backing issues aft being denied Official World Golf Ranking points, a improvement that whitethorn frustrate players.
"The reality is you're funded done nan season, and past you activity for illustration crazy arsenic a business to create a business and a business scheme to support america going. But that's not different from immoderate different backstage equity-funded business successful nan history of man," O'Neil said up of the golf tour's arena successful Mexico City.
O'Neil reportedly sent an email to his staff amid nan first reports that nan play would spell "exactly arsenic planned, uninterrupted and astatine afloat throttle," but plans apparently changed, and LIV announced its June tourney successful New Orleans was postponed pinch a day to beryllium determined.
O'Neil said nan imaginable of a caller business scheme "excited" him.
Scott O'Neil attends a property convention successful Johannesburg to denote LIV Golf's return successful 2027 connected March 22, 2026. (Johan Rynners/Getty Images)
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I talked astir immoderate structural changes — they're coming. You tin inquire conscionable astir nan 50 group I met astatine Augusta, I rolled retired nan plan. We person one, it mightiness astonishment immoderate people..." he said.
"This conception of, 'Do you person to raise money?' Probably. This is business. But if we support nan trajectory going nan measurement we are and nan gross maturation going, this is going to beryllium a really bully business for a really agelong time."
LIV began successful 2022 and has produced 2 awesome winners successful Brooks Koepka, who has since rejoined nan PGA Tour, astatine the 2023 PGA Championship, and Bryson DeChambeau astatine nan 2024 U.S. Open.
LIV Golf shifted from its 54-hole format, a tie for golfers defecting from nan PGA Tour, to 72 opening this season. Patrick Reed is also set to rejoin nan PGA Tour.
Scott O'Neil during time 4 of LIV Golf South Africa astatine The Club astatine Steyn City successful Johannesburg connected March 22, 2026. (Johan Rynners/Getty Images)
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It is speculated that DeChambeau's and Jon Rahm's contracts some extremity aft this season, leaving their play futures up successful nan air.
LIV Golf did not instantly respond to a petition for remark from Fox News Digital.
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