LIV Golf is said to be 'on the verge' of having its funding cut by the Saudi Arabian Public Investment Fund, the Financial Times reports.
It comes amid swirling rumors following well-connected reporter Ryan French's post on X stating "a bombshell announcement on LIVs future is imminent."
The Telegraph reported that LIV's executives were called for a meeting in New York on Tuesday, which LIV Golf denies.
The media centre was closed and press conferences were canceled at Club de Golf Chapultepec in Mexico City, where the sixth event of the 2026 season is set to take place, on Tuesday, due to a power outage, before resuming on Wednesday.
The FT says the sovereign wealth fund, worth an estimated $925bn, is "on the verge of cutting its support for LIV Golf" with a possible announcement to come as soon as Thursday.
It comes amid the PIF unveiling its new five-year strategy, which will see it focus more on domestic investments.
"Local investment should be 80% and we aim for international investment to be 20%," [down from a peak of 30%] PIF Governor Yasir Al-Rumayyan told Al Arabiya Business.
The fund is said to be focusing on sustainable value and improving investment efficiency, something LIV Golf has not yet proven itself to be.
The golf tour is said to have received in excess of $5bn from the PIF, while its UK entity submitted losses of £1.1bn from 2021-2024 with losses over over £460m in 2024 alone.
The PIF signed off on a further $266m earlier this year for the tour that is home to big names including Bryson DeChambeau, Jon Rahm, Dustin Johnson, Cameron Smith and Tyrrell Hatton.
Also earlier in 2026, CEO Scott O'Neil, who is said to have told the industry LIV is funded until 2032 last week at Augusta National, said that is would "take another five to 10 years" to reach profitability.
LIV Golf is reporting strong figures, however, with revenue up $100m after five tournaments vs at this point in the season last year.
O'Neil told staff in an email on Wednesday that the 2026 season "continues exactly as planned, uninterrupted and at full throttle."
Here is the full email LIV Golf CEO Scott O'Neil sent to league staffers this afternoon, obtained by @FOS. pic.twitter.com/2YkwdUyXz5April 15, 2026
There was one press conference on Wednesday before the Pro-Am got underway, with Sergio Garcia's Fireballs GC team speaking to media.
"Frankly, we haven't heard anything other than what Yasir [Al-Rumayyan] already told us at the beginning of the year," Garcia said, translated from Spanish.
"That is, he's behind us, that they have a project of many years... there are always many rumors. I can't comment on anything more than what we know."
Sources with knowledge of LIV Golf operations have confirmed that funding and operations are continuing as planned
