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Saudi Arabia’s Public Investment Fund is reportedly on the verge of pulling the plug on LIV Golf, with a major announcement expected as soon as Thursday.
According to a Financial Times report on Wednesday, the PIF is close to withdrawing its financial backing from the league entirely. Around the same time, LIV Golf executives were reportedly called to an emergency summit in New York, sending the golf world into a frenzy of speculation.
The Athletic also added to the growing concern, reporting that some members of LIV’s own leadership team were told on Sunday they would be losing their positions. When The Athletic visited the league’s New York offices, they were asked to leave.
Yet in Mexico City, where the sixth event of the 2026 LIV Golf season is due to tee off Thursday, things looked business as usual. The league continued posting tee times, player interviews, and even shared start times for 14 cities around the world on social media under the headline “Breaking News Tune In Tomorrow.”
Players also seemed unaware of what was unfolding behind the scenes. Sergio Garcia said the playing group had not been told anything about a potential shutdown, pointing to assurances given by PIF governor Yasir Al-Rumayyan earlier in the year.
Since launching in 2022, the PIF has reportedly sunk more than $5 billion into LIV Golf, bringing in the likes of Jon Rahm, Bryson DeChambeau, and Phil Mickelson. However, stagnant TV ratings, a failure to attract new big names, and the recent exits of Brooks Koepka and Patrick Reed back to the PGA Tour have all painted a difficult picture for the league.
Nine events remain on the 2026 schedule after Mexico City, meaning a shutdown would leave players and staff without answers mid-season.
