"LIV Golf executives are poised to confirm to players that Saudi Arabia's funding of the circuit will cease at the end of 2026, in a move that will begin a scramble between some leading names in the sport to return to traditional tours."
"The Saudi Public Investment Fund, which has ploughed more than $5bn into LIV, informed the tour's management of a change in approach during meetings in New York immediately after the conclusion of this month's Masters."
"Scott O'Neil, LIV's chief executive, was publicly bullish during a subsequent tournament but vague about finance post-2026. O'Neil had hoped to convince the PIF to retain faith with LIV."
"Players will inevitably want to know whether they are permitted to walk away from those deals and begin negotiations aimed at a return to the traditional tours."
LIV Golf executives are set to announce the end of Saudi Arabia's funding by 2026, leading to potential closure of the tour. The Saudi Public Investment Fund has invested over $5 billion into LIV but is shifting its strategy, impacting the tour's future. LIV's chief executive, Scott O'Neil, faces a challenging situation as he prepares to inform players about the funding changes. Major players contracted to LIV may seek to negotiate their exit and return to traditional tours amid this uncertainty.
Read at www.theguardian.com
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