{"id":640439,"date":"2026-04-30T11:16:10","date_gmt":"2026-04-30T11:16:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/640439\/"},"modified":"2026-04-30T11:16:10","modified_gmt":"2026-04-30T11:16:10","slug":"liv-golf-players-told-of-pif-exit-over-the-past-two-weeks-as-optimism-remains","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/640439\/","title":{"rendered":"LIV Golf players told of PIF exit \u201cover the past two weeks\u201d as optimism remains"},"content":{"rendered":"<p>LIV Golf is bracing for a major reset after confirmation that the Saudi Public Investment Fund (PIF) will end its financial backing of the league beyond the 2026 season.<\/p>\n<p>The PIF has poured an estimated $5 billion into LIV Golf since its launch in 2022, bankrolling its rapid rise and helping lure global stars such as Jon Rahm and Bryson DeChambeau with huge contracts, as well as offering up eye-watering $30 million tournament purses.<\/p>\n<p>But after weeks of mounting speculation, the Wall Street Journal confirmed on Wednesday night that the Saudi fund <a href=\"https:\/\/www.golfmagic.com\/tour\/liv-golf\/liv-golf-process-telling-players-and-staff-saudi-pif-has-withdrawn-funding\" data-entity-type=\"node\" data-entity-uuid=\"f32dae96-3eb9-46c1-bed3-9273674f99f1\" data-entity-substitution=\"canonical\" title=\"LIV Golf in process of telling players and staff that Saudi PIF has withdrawn funding\" rel=\"nofollow noopener\" target=\"_blank\">will not continue its investment<\/a> past the current cycle.<\/p>\n<p>The news was swiftly followed by another significant development as Sports Business Journal\u2019s Josh Carpenter reported that Yasir Al-Rumayyan \u2014 governor of the PIF \u2014 has <a href=\"https:\/\/www.golfmagic.com\/tour\/liv-golf\/yasir-al-rumayyan-leaves-liv-golf-chairman-role-amid-funding-uncertainty\" data-entity-type=\"node\" data-entity-uuid=\"d226bc58-28d8-40c6-908c-464036009058\" data-entity-substitution=\"canonical\" title=\"Yasir Al-Rumayyan leaves LIV Golf chairman role amid funding uncertainty\" rel=\"nofollow noopener\" target=\"_blank\">stepped down as chairman<\/a> of the LIV Golf board.<\/p>\n<p>Al-Rumayyan has been a central figure in LIV\u2019s creation and growth, working alongside former CEO Greg Norman to launch the breakaway league and push its team-based format. His exit now points to a clear shift in direction.<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p>The news comes 48 hours after LIV Golf <a href=\"https:\/\/www.golfmagic.com\/tour\/liv-golf\/liv-golf-delays-louisiana-debut-citing-peak-summer-heat-and-calendar-congestion\" data-entity-type=\"node\" data-entity-uuid=\"41241372-4bf2-40f9-aa9a-f23f962f4216\" data-entity-substitution=\"canonical\" title=\"LIV Golf delays Louisiana debut citing \u201cpeak summer heat\u201d and calendar congestion\" rel=\"nofollow noopener\" target=\"_blank\">postponed<\/a> its Louisiana event from 25-28 June.\u00a0<\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/yasir1.jpg\"   type=\"image\/jpeg\" alt=\"Yasir Al-Rumayyan \" loading=\"lazy\" style=\"aspect-ratio:1.43\"\/> <\/p>\n<p>Yasir Al-Rumayyan<\/p>\n<p>  Players were told two weeks ago<\/p>\n<p>Despite reports suggesting the news broke internally this week, GolfMagic understands players and staff had been informed of the update the last couple of weeks.\u00a0<\/p>\n<p>&#8220;LIV Golf players and staff have been made aware of this fact [PIF removing funding past 2026] over the past two weeks,&#8221; a source confirmed to GolfMagic&#8217;s Andy Roberts.\u00a0<\/p>\n<p>The timing aligns with a call involving all 13 LIV team captains on Tuesday \u2014 part of what sources describe as standard player-first communication ahead of a major announcement.<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p>Not all doom and gloom at LIV<\/p>\n<p>While the loss of PIF backing is a seismic moment, insiders insist the mood inside LIV Golf remains positive.<\/p>\n<p>&#8220;It&#8217;s a very optimistic LIV Golf team currently,&#8221; a source told GolfMagic.\u00a0<\/p>\n<p>That confidence is being fuelled by active efforts to secure new funding.<\/p>\n<p>&#8220;LIV Golf is currently engaging in constructive discussions with prospective global investors,&#8221; the source adds.\u00a0<\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/liv-12.jpg\"   type=\"image\/jpeg\" alt=\"Yasir Al-Rumayyan with Scott O'Neil \" loading=\"lazy\" style=\"aspect-ratio:1.48\"\/> <\/p>\n<p>Yasir Al-Rumayyan with Scott O&#8217;Neil<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p>Despite the uncertainty created by the Public Investment Fund\u2019s decision to end its financial backing after 2026, there are clear signs that LIV Golf\u2019s commercial momentum is accelerating rather than stalling.<\/p>\n<p>Through the first five events of the 2026 season, the league is reportedly tracking around $100 million ahead of last year\u2019s revenue, with sponsorship and partnership income up roughly 40% year-on-year.\u00a0<\/p>\n<p>That growth has been underpinned by a growing roster of global brands, including Rolex, HSBC, Salesforce, Qualcomm, Coca-Cola, Porsche, Google Cloud, IBM and Red Bull, among others.<\/p>\n<p>LIV has also expanded its commercial footprint through event ownership, announcing five title partners for 2026 \u2014 a sharp increase from none the previous year \u2014 spanning markets such as Riyadh, Hong Kong, Singapore, Virginia and the UK.<\/p>\n<p>On the fan engagement side, ticket sales are up significantly, with demand reportedly rising by more than 120% year-on-year, while VIP hospitality revenue has grown by around 67%, with expectations of sell-outs in premium areas across multiple events.<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p>Retail and merchandise sales are also up by roughly a quarter, while digital traction continues to surge, with YouTube engagement reportedly increasing by more than 300% year-on-year.<\/p>\n<p>Taken together, the numbers suggest that while LIV Golf faces a major funding shift, its commercial engine \u2014 from sponsorship and ticketing to digital growth \u2014 is showing strong upward momentum, offering a more optimistic backdrop heading into its next phase.<\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/brys1233.JPG\"   type=\"image\/jpeg\" alt=\"Bryson DeChambeau\" loading=\"lazy\" style=\"aspect-ratio:0.86\"\/> <\/p>\n<p>Bryson DeChambeau<\/p>\n<p>  LIV\u2019s next move<\/p>\n<p>LIV Golf is expected to outline its strategic roadmap imminently, with a clear focus on survival and long-term growth.<\/p>\n<p>Sources indicate to GolfMagic that the plan will include leadership restructuring, new board appointments, and a push to bring in long-term financial partners.<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p> Article continues below ADVERTISEMENT<\/p>\n<p>The league is also set to double down on its franchise model, reinforcing its investment-driven structure built around team ownership and equity opportunities.<\/p>\n<p>Crucially, there remains strong internal belief in the team format that has defined LIV since day one.<\/p>\n<p>Full details of LIV Golf\u2019s next chapter are expected shortly, with further updates to follow on GolfMagic.\u00a0<\/p>\n<p>Subscribe to our Newsletter<\/p>\n","protected":false},"excerpt":{"rendered":"LIV Golf is bracing for a major reset after confirmation that the Saudi Public Investment Fund (PIF) will&hellip;\n","protected":false},"author":2,"featured_media":640440,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[566],"tags":[64,63,755,85],"class_list":["post-640439","post","type-post","status-publish","format-standard","has-post-thumbnail","category-golf","tag-au","tag-australia","tag-golf","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/640439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=640439"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/640439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/640440"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=640439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=640439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=640439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}