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LIV Golf moved swiftly on April 15-16, 2026 to counter widespread reporting that Saudi Arabia’s Public Investment Fund (PIF) is set to cut backing for the breakaway circuit.
Chief executive Scott O’Neil sent staff and players a memo saying the 2026 season will proceed “exactly as planned, uninterrupted and at full throttle,” as the tour prepared to stage its Mexico City event.
Multiple outlets including the Financial Times and New York Times had reported the PIF was reconsidering support after a new 2026-30 PIF strategy and mounting scrutiny of expensive overseas sports investments.
Sources and LIV representatives pushed back, noting stronger ticketing, sponsorship and broadcast revenue and saying funding would cover the remaining nine events on the 14-tournament calendar.
Players say they were earlier told funding extended through 2032, but recent exits (Brooks Koepka, Patrick Reed) and multibillion-dollar losses — reported at more than $1.1 billion internationally since 2021 — have intensified uncertainty.
The episode unfolds against broader Saudi reallocation of capital and geopolitical pressures that PIF officials cite as reasons to reassess some sports investments.







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