Player payments for LIV golfers were expected to process on Thursday afternoon following reports that Saudi Arabia\u2019s Public Investment Fund was pulling funding for the league. <\/p>\n
League player salaries are paid out quarterly and hit on the 15th of the month, though two sources said Thursday morning that had not yet occurred for April 15 as the league tees off with its Mexico City event. Those same sources said Thursday afternoon that the league had communicated payments were expected to process later Thursday. <\/p>\n
LIV players receive two types of payments: Tournament winnings and league salaries. Tournament winnings typically take only a day or two to hit players\u2019 bank accounts following a competition; the league\u2019s last event was March 19-22 in South Africa, and players have received those prize winnings. <\/p>\n
On Wednesday morning, the Financial Times reported<\/a> the PIF was on the verge of pulling its funding for the league. It also said an announcement on the PIF\u2019s involvement with LIV could come as soon as Thursday, but added a final decision has not been made about the future of the league.<\/p>\n Wednesday afternoon, LIV CEO Scott O\u2019Neil sent staff a memo<\/a> saying the league\u2019s 2026 season would continue as planned.<\/p>\n Industry sources Tuesday were questioning the future of LIV amid the ongoing war in the Middle East and the financial strains caused by it. The Wall Street Journal reported recently that the war had already cost Saudi Arabia more than $10B<\/a> in lost revenue and expenses.<\/p>\n