On November 4, 2026, the Associated Press reported that the Public Investment Fund (PIF) of Saudi Arabia, the financial backer of LIV Golf, has abandoned plans to launch a new golf league in 2027. The decision marks a significant shift in the strategy of the Saudi sovereign wealth fund, which has invested heavily in the LIV Golf series since its inception.
LIV Golf CEO Greg Norman and PIF Governor Yasir Al-Rumayyan have been key figures in the venture, which has attracted top players such as Jon Rahm. The DP World Tour, led by CEO Guy Kinnings, has also been involved in discussions about the future of professional golf. The report did not specify reasons for the cancellation of the 2027 league plan.
