Front Office Sports reports that multiple insiders believe Saudi Arabia’s Public Investment Fund could cut monthly payments before LIV completes its four remaining events, beginning July 23.
LIV Golf may not have enough money from its primary backer to complete its own season. That is the conclusion emerging from multiple sources cited by Front Office Sports (FOS), and it points to a structural problem no amount of positive quarterly ticket data can paper over: the league’s operating model remains heavily dependent on a single sovereign funder that has already announced its exit.
Saudi Arabia’s Public Investment Fund (PIF), which has pumped more than $6 billion into LIV since 2022, confirmed in April that it would finance the circuit only through the end of the 2026 campaign. But according to FOS reporting, the question is no longer whether the PIF will eventually stop: it is whether it stops before the season does.
“Every remaining tournament is on the fence,” a senior executive at one of LIV’s major league-level partners told FOS. Four events remain on the calendar, beginning with LIV Golf UK on July 23–26, followed by three US events in August. The circuit’s next scheduled payment from the PIF arrives on a monthly basis, according to one high-level league source, meaning each event effectively depends on a disbursement decision that could be reversed.
The investor pitch, and what LIV 2.0 might look like
LIV has reportedly approached hundreds of prospective investors, engaged US investment banking advisor Ducera Partners and brought on two independent board directors. Non-disclosure agreements are being signed; virtual meetings are progressing toward in-person sessions.
What investors are being pitched, according to a circulating deck, is a leaner league with a sharper team identity. Proposals for a 2027 schedule include 10 events – five “team majors” in markets where LIV has performed best, such as Australia and South Africa, plus five US-based “team signature events” timed around individual majors.
