{"id":641184,"date":"2026-04-30T19:28:09","date_gmt":"2026-04-30T19:28:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/641184\/"},"modified":"2026-04-30T19:28:09","modified_gmt":"2026-04-30T19:28:09","slug":"saudi-fund-cuts-liv-golf-funding-as-iran-war-fiscal-pressure-reshape-priorities","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/641184\/","title":{"rendered":"Saudi fund cuts LIV Golf funding as Iran war, fiscal pressure reshape priorities"},"content":{"rendered":"<p textalign=\"left\" class=\"\">Saudi Arabia&#8217;s Public Investment Fund (PIF) is cutting funding for the breakaway LIV Golf league after the 2026 season, a spokesperson from the fund told AFP on Thursday.<\/p>\n<p textalign=\"left\" class=\"\">The announcement came hours after LIV Golf, founded in 2021 as a rival to the PGA Tour, said it was seeking to secure &#8220;long-term financial partners&#8221;.<\/p>\n<p textalign=\"left\" class=\"\">It has reportedly cost PIF over $5 billion so far to operate the series after signing many of the world&#8217;s top players, including Major winners Bryson DeChambeau and Spaniard Jon Rahm.<\/p>\n<p textalign=\"left\" class=\"\">Saudi&#8217;s powerful wealth fund, however, said funding for the project would be axed as PIF looked to pare back a string of projects in the kingdom with the war in the Middle East raising fresh speculation about investment priorities moving forward.<\/p>\n<p textalign=\"left\" class=\"\">&#8220;PIF has made the decision to fund LIV Golf only for the remainder of the 2026 season,&#8221; a spokesperson for the fund said in a statement provided to AFP.<\/p>\n<p textalign=\"left\" class=\"\">&#8220;The substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF&#8217;s investment strategy.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Saudi Arabia&#8217;s Public Investment Fund (PIF) is cutting funding for the breakaway LIV Golf league after the 2026&hellip;\n","protected":false},"author":2,"featured_media":641185,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[566],"tags":[64,63,755,85],"class_list":["post-641184","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\/641184","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=641184"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/641184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/641185"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=641184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=641184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=641184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}