Saudi Fund May Exit LIV Golf as Costs Mount

A major Saudi Arabian investment fund is preparing to significantly reduce its involvement in LIV Golf, according to sources. The potential move comes as the high-cost venture faces increasing financial pressure. The Public Investment Fund (PIF) launched the LIV golf series in 2022. It used record-breaking contracts to attract top players like Phil Mickelson and Cameron Smith away from the traditional PGA Tour. This rivalry caused a major split in professional golf. However, the huge spending needed to run LIV has become a sustained financial burden. Talks to merge LIV with the PGA Tour have also stalled. A reduced role for the PIF could force LIV to find new major investors. It also raises questions about the league's long-term future and the status of its player contracts.