Saudi Arabia ends LIV Golf funding and appoints new chairman

Saudi Arabia’s Public Investment Fund (PIF) announced it will discontinue funding for LIV Golf after the 2026 season, prompting the league to restructure with a new board led by Gene Davis. LIV Golf aims to secure long-term financial partners to replace Saudi support, which enabled significant player contracts and prize funds since its inception. With $5.3 billion spent to date, the league is transitioning to a franchise model while seeking to maintain its top players amid financial uncertainty.

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