Saudi Arabia Reduces LIV Golf Funding
Saudi Arabia's sovereign wealth fund will stop financing the LibGolf breakaway tour at the end of the 2026 season. The funding was originally expected to continue through 2027. This decision ends a stream of over $5 billion in investments that had been flowing since 2022. The source noted that it may be difficult for other entities to match the previous investment levels. The decision follows obligations related to the upcoming World Expo and the World Cup. The broadcaster noted that the country cannot print money to fund all projects simultaneously and is prioritizing these specific obligations. This move follows a trend of the fund limiting spending across various sports sectors. The decision comes as the fund manages capital previously generated from oil revenues.
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Sources · 7 independent
“Saudi Arabia's sovereign wealth fund will stop financing LibGolf at the end of 2026 season, throwing the future of the breakaway tour into serious doubt”
“Saudi Arabia's sovereign wealth fund will stop financing LibGolf at the end of 2026 season, throwing the future of the breakaway tour into serious doubt, according to multiple USMEDA reports.”
“LibGolf plans to inform staff and players players, as soon as today that the Saudi Public Investment Fund will no longer bank for the circuit beyond this summer.”
“Sovereign wealth fund will stop financing live golf at the end of 2026, throwing the future of the breakaway tour into serious doubt.”
“Arabia's sovereign Well fund will stop financing live golf at the end.”
“Arabia's sovereign Well fund will stop financing live golf at the end. End of the 2026 season, throwing the future of the breakaway tour into serious doubt.”
“The Live Golf League is reportedly set to lose its funding from Saudi Arabia with players expected to be told in the coming days. After weeks of speculation, the Wall Street Journal has today reported that Saudi Arabia's PIF fund will stop its financial support of the Breakaway League.”
“LivGolf plans to inform staff and players that the Saudi Public Investment Fund will no longer bankroll the circuit beyond this summer.”
“The Lift Golf League is reportedly set to lose its funding from Saudi Arabia with players expected to be informed in the coming days.”
“Saudi Arabia's sovereign wealth fund will stop financing lift golf at the end of the 2026 season, throwing into doubt the future of the breakaway tour.”
“Saudi Arabia confirming that it's going to end its financial backing of the Rebel Live Golf Tour. What's happening here? Yeah, so this is a report from the Wall Street Journal.”
“the Public Investment Fund of Saudi Arabia is going to tell players and employees at Live Golf, the Saudi breakaway tour that they are no longer funding it.”
“The Live Golf League is reportedly set to lose its funding from Saudi Arabia with players expected to be told in the coming days. The Wall Street Journal has today reported that Saudi Arabia's PIF fund will stop its financial support of the breakaway league.”
“tomorrow could be D-Day for the Saudi Bacterial Live Golf. Players and staff are reportedly going to be told that the Public Investment Fund will stop funding the circuit after this season.”
“Saudi Arabia has been pulling back on the spending in the sport sector and Liv was one of the biggest winners from the PIFS approach to sport but now it will be the biggest”
“the PIF fund will stop its financial support of the Breakerweight League.”
“Saudi Arabia's public investment fund is planning to end its financial support for live golf after this season.”
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