Sport Business Middle East

LIV Golf funding to end

LIV Golf funding to end

During a live broadcast from the LIV Golf Mexico tournament, O'Neil rejected claims that the league is close to collapse but admitted that 'structural changes' are imminent.

The Saudi-backed PIF is reportedly undergoing a 'value realization' phase, shifting its focus toward other sports and domestic priorities amid the economic pressures of the Iran war.

This development has left high-profile players like Jon Rahm and Bryson DeChambeau facing an uncertain future as the tour's long-term viability remains unproven.

Meanwhile, a former Ryder Cup captain has urged the PGA Tour to remain loyal to those who did not defect, further complicating potential merger discussions.

LIV Golf
Professional golf tour
Scott O'Neil
International sports executive
Public Investment Fund
Sovereign wealth fund owned by Saudi Arabia
Jon Rahm
Spanish professional golfer
Bryson DeChambeau
American professional golfer