Is LIV Golf suddenly crumbling before our very eyes?
According to a shocking new report from The Financial Times, the popular breakaway golf circuit could be out of money as soon as today.
The Saudi Arabia Public Investment Fund (PIF), the sole funder of LIV Golf, announced a new five-year investment strategy yesterday with a focus on reprioritizing spending.
And investing millions more dollars in LIV Golf doesn’t appear to be part of their long-term plan.
The Financial Times has reported that the PIF is “on the verge of cutting its support” for LIV Golf.
An announcement regarding Saudi involvement – or lack thereof – with LIV could come as soon as today, according to the report.
Speculation that LIV Golf could be in financial trouble could be attributed to the ongoing war with Iran.
Author and longtime golf reporter Alan Shipnuck also relayed a message on X from a player’s agent that Mohammed bin Salman, the ruler of the Kingdom of Saudi Arabia, could look to use the ongoing war in Iran as a “force majeure” to cut off LIV’s funding.
To use the old Hollywood saw, No one knows anything. But a tapped-in player agent just texted me, “Have heard MBS wants to use the war as Force Majeure to pull the plug.” https://t.co/2FKTI2s1CG
— Alan Shipnuck (@AlanShipnuck) April 15, 2026
LIV Golf’s immediate future would be in serious turmoil if PIF were to cut off funding, leaving major questions as to how or if the league will continue to operate, and in what capacity.
Sources tell Fox News’ Bret Baier that funding could be cut off at the end of the season.
🚨🏌️❌ #REPORT — @BretBaier says that LIV Golf will be funded through the 2026 season, but no further: “sources say the Saudis funding will DEFINITELY come to an end at the end of this LIV season, citing a change of priorities.” pic.twitter.com/cxMj0oos89
— NUCLR GOLF (@NUCLRGOLF) April 16, 2026
The potential news of LIV Golf’s uncertain future comes after many months of speculation that operationally, things had reached a tipping point in terms of spending, big-name players leaving the circuit, and overall interest in LIV Golf hitting a standstill.
In late February, it was reported that LIV Golf’s net spending per month averaged $100 million in 2024 and 2025.
For the 2026 season, LIV’s fifth, Saudi PIF Governor Yasir Al Rumayyan reportedly approved a fresh $266.6 million capital injection into the circuit, bringing the Saudi PIF’s cumulative investment in LIV Golf to $5.3 billion since 2021.
According to reports, the Saudi PIF reportedly injected north of $1 billion into LIV Golf in 2021, 2022, 2024, and 2025. The $266 million injection to begin 2026, an increase in prize funds for the season, and the net spend of $100 million per month, the Saudi PIF’s cumulative investment was set to blow past $6 billion by the end of 2026.
LIV shifted from its original tournament format of playing 54-hole events to 72-hole events beginning in 2026, resulting in the league being recognized by the Official World Golf Ranking (OWGR) system for the first time since its inception.
Players receiving OWGR points made their paths into golf’s major championships more accessible.
However, now the once-upstart circuit is losing some of its major figures.
Five-time major champion Brooks Koepka, along with former Masters champion Patrick Reed left the circuit in January 2026.
Kopepka has already returned to the Tour via its Returning Members Program, while Reed is set to earn his Tour card back ahead of the 2027 PGA Tour season.
Bryson DeChambeau, Phil Mickelson, Jon Rahm, Joaquin Niemann, and Tyrrell Hatton were the headline players for the circuit this season.
Amid the reports, it’s business as usual for LIV as it is set to host a tournament in Mexico City beginning on Thursday.
However, a Wednesday report from The Telegraph stated that LIV Golf executives had been called to a meeting in New York, and none of the execs were on site in Mexico on Tuesday.