PIF to cut LIV Golf funding
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A Saudi sovereign fund reportedly poured more than $5 billion into the golf league. The fund now says its investment priorities have changed.
After absorbing billions in losses, PIF is pulling out of LIV Golf—leaving its star players to navigate a skeptical PGA Tour.
Saudi Arabia’s Public Investment Fund will end its multi-billion dollar backing of LIV Golf after the 2026 season, prompting leadership changes and a search for new investors. The move marks a strategic shift in PIF’s sports investment approach and ...