Saudi Arabia's Public Investment Fund, the financial backer of LIV Golf, has reportedly abandoned plans to launch a new golf league in 2027, according to an Associated Press report published Wednesday.
The decision marks a significant shift for the Saudi sovereign wealth fund, which has invested heavily in LIV Golf since its inception. PIF Governor Yasir Al-Rumayyan has been a key figure in the fund's sports investments.
LIV Golf, led by CEO Greg Norman, has featured players such as Jon Rahm, who captains the Legion XIII team. The DP World Tour, under CEO Guy Kinnings, has also been part of the broader golf landscape affected by LIV's emergence.
No official statement has been released by the Public Investment Fund or LIV Golf regarding the reported change in plans.
