British BulletinBritish Bulletin
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
What's On

Burnley: Scott Parker leaves as head coach after relegation from Premier League

30 April 2026

Pro-Palestine marches MUST be stopped following London attack, terrorism watchdog says

30 April 2026

Rachel Reeves’s minimum wage hikes ‘shutting young people out of jobs’, business chief warns

30 April 2026

King Charles says he ‘will not see the long-distance future’ amid his ongoing cancer battle

30 April 2026

Oil surges above $126 as Britons face higher prices at the pump with Iran war set to drag on

30 April 2026
Facebook X (Twitter) Instagram
Web Stories
Facebook X (Twitter) Instagram
British Bulletin
Subscribe
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
British BulletinBritish Bulletin
Home » LIV Golf: Saudi Arabia to withdraw funding at end of season
Sports

LIV Golf: Saudi Arabia to withdraw funding at end of season

By britishbulletin.com30 April 20262 Mins Read
LIV Golf: Saudi Arabia to withdraw funding at end of season
Share
Facebook Twitter LinkedIn Pinterest Email

Al-Rumayyan co-founded LIV in 2021 and has been the tour’s most powerful figure.

This week LIV postponed its June event in New Orleans, meaning it will not have any tournaments in the US between 10 May until 6 August, when it goes to Trump Bedminster in New Jersey.

BBC Sport has been told LIV remains hopeful of remaining an international tour with a team model, and that it is in “constructive” talks with potential investors.

Sources indicated that executives are exploring a number of opportunities to “reposition” the business. They said LIV Golf was on course to earn $100m (£86m) more in 2026 than last season.

But officials accept it is likely the series will have to be significantly scaled back, with far fewer events.

Team captains have been warned that the company will reveal plans to find new financial backers on Thursday.

LIV declined to comment.

This month LIV Golf chief executive Scott O’Neil told players the 2026 season would continue “as planned and uninterrupted” amid rumours the tour was on the verge of collapse, although he did not address what might lie ahead.

It came as PIF announced a new strategy, with a focus on more sustainable investments.

The LIV project, which pivoted to a more traditional 72-hole format this year, has been bankrolled by an eye-watering amount of money from PIF.

Major winners Jon Rahm, Bryson DeChambeau, Phil Mickelson and Cameron Smith are among the players who compete on the tour.

The overall investment surpassed $5bn (£3.8bn) when fresh capital of $267m (£229m) was injected this year.

The tour’s net losses in markets outside the US increased to $462m (£340m) in 2024, meaning it had lost more than $1.1bn (£810m) since it was established in 2021.

With vast amounts of money pumped into the US arm of the operation, losses look likely to run to several billion dollars.

PIF has been approached for comment.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Burnley: Scott Parker leaves as head coach after relegation from Premier League

Henry Pollock: Rugby’s search for a crossover star

BBC Sport weekly quiz: How many tries did England score against Wales?

Champions League highlights: Atletico Madrid 1-1 Arsenal

Wrexham: When the first Hollywood season ended in final-game tears

Champions League analysis: Should VAR have intervened to overrule Arsenal penalty?

Atletico Madrid 1-1 Arsenal: Mikel Arteta ‘fuming’ with officials

Atletico Madrid 1-1 Arsenal: Mikel Arteta post-match interview

WSL Highlights: Arsenal 7-0 Leicester City

Editors Picks

Pro-Palestine marches MUST be stopped following London attack, terrorism watchdog says

30 April 2026

Rachel Reeves’s minimum wage hikes ‘shutting young people out of jobs’, business chief warns

30 April 2026

King Charles says he ‘will not see the long-distance future’ amid his ongoing cancer battle

30 April 2026

Oil surges above $126 as Britons face higher prices at the pump with Iran war set to drag on

30 April 2026

Subscribe to News

Get the latest Brittan News and Updates directly to your inbox.

Latest News

Fuel price crisis sees petrol and diesel drivers charged £2billion extra since start of Iran war

30 April 2026

Henry Pollock: Rugby’s search for a crossover star

30 April 2026

Iconic railway service to return to London for first time in years

30 April 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 British Bulletin. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.