LIV Golf Announces New Board and Investor Search Following PIF Funding Withdrawal After 2026

LIV Golf announced on April 30, 2026, that it will secure long-term financial partners and transition to a diversified, multi-partner investment model after Saudi Arabia’s Public Investment Fund withdraws funding at the end of the 2026 season. The league revealed this strategic evolution in a statement, focusing on attracting new investment from other sources following the PIF's departure.

LIV Golf established a new independent board to guide the organization through its next phase, appointing Gene Davis and Jon Zinman as leaders.

Davis stated: “LIV Golf has built something truly differentiated – a global league with passionate fans, world-class talent, and demonstrated commercial momentum. The executive leadership team, along with Jon and I, see a clear opportunity to help the league formalise its structure, attract and secure long-term capital, and position the business for growth while continuing to promote the game across the world.

” LIV Golf informed players and staff on April 30, 2026, of the PIF's funding withdrawal at season's end.

Yasir Al-Rumayyan resigned from his position as LIV Golf's chairman of the board on April 29, 2026, according to Sports Business Journal. News of Saudi Arabia pulling funding for LIV Golf emerged two weeks before April 30, 2026. LIV Golf CEO Scott O'Neil told players earlier in the month that the 2026 season would continue as planned and uninterrupted.

U.S. tournaments between May 10, 2026, and August 6, 2026. During that period, events are set in South Korea, Spain, and Britain. Saudi Arabia’s Public Investment Fund invested over $5 billion in LIV Golf since its founding in 2022, including $267 million injected in 2026.

U.S. reaching $462 million in 2024 and monthly losses estimated at approximately £75 million. LIV Golf features team play and a 54-hole format, offering $30 million in prize money at each of its current 14 events.

Greg Norman served as CEO until his departure in 2025, when Scott O'Neil replaced him. Several players have left LIV Golf. Brooks Koepka rejoined the PGA Tour after paying a $5 million fine. Patrick Reed departed and is playing a European tour schedule in 2026 before potentially qualifying for a PGA Tour card in 2027.

Bryson DeChambeau's contract with LIV Golf expires at the end of the 2026 season. Jon Rahm joined LIV Golf in 2023. The league described Davis and Zinman as seasoned experts with track records in navigating complex situations and unlocking value for global organizations.

LIV Golf's announcement omitted direct references to Saudi Arabia, the PIF, or Al-Rumayyan.