The upstart golf league that turned the establishment on its ear could be no more.
The Public Investment Fund, the Saudi Arabian sovereign wealth fund that financed the upstart golf league, is taking steps to pull its multibillion-dollar investment in LIV Golf, The Athletic reported on Wednesday.
Earlier Wednesday, The Telegraph reported that LIV executives had been called to New York for a meeting. The Wall Street Journal also reported on Wednesday that the golf circuit was facing imminent closure.
Leadership executives were first told after the Masters that they would soon lose their jobs, per The Athletic.
LIV is scheduled to begin its Mexico City event on Thursday, and it released tee times Wednesday as though the tournament would move forward as planned.
In a press conference Wednesday, LIV player Sergio Garcia said he had “not heard anything” regarding the demise of the tour.
The news comes in a year in which LIV saw high-profile defections including major champion Brooks Koepka and Patrick Reed in addition to the granting of world golf-ranking points.
LIV has gone from 54 holes to 72 holes for 2026, though that wasn’t a big obstacle in getting world ranking points because other smaller tours around the world also have 54-hole events. Rather it was the turnover in LIV, and the self-selection of adding players with contracts.
It also expanded its field size by three to 57 players, still short of the average field size of 75 the OWGR preferred. It expanded its “relegation zone” to 11 players who get dropped and have to earn their way back through a qualifying event or the Asian Tour’s International Series points list.
–with files from The Associated Press