LIV Golf: Saudi Arabia's PIF confirms it will end funding of rebel league at the end of the season

Saudi Arabia's Public Investment Fund (PIF) confirmed it will end its funding for LIV Golf at the end of the 2026 season.

In a statement released on Thursday, the PIF said that the "substantial investment required is no longer consistent" with the fund's investment strategy moving forward.

It comes as LIV Golf unveiled a new independent board of directors and confirmed it was trying to "secure long-term financial partners" to salvage the future of the organisation.

"This decision has been made in light of PIF's investment priorities and current macro dynamics," a statement from the PIF read.

"The LIV Golf board has created a committee of independent directors to evaluate strategic alternatives for its future beyond PIF's funding horizon.

"LIV Golf has substantially grown the game globally through its transformational and positive impact. It has forever changed the game of golf for the better."

Questions have arisen over what this could mean for other sports, noting the PIF's investments in football, boxing and snooker. However, the PIF said it was "committed to deploying capital internationally in line with its investment strategy, including its substantial current and future investments in various sports as a priority sector."

It is understood that LIV went over its plans for the future with the 13 team captains - including major winners Bryson DeChambeau and Jon Rahm - in a call on Tuesday.