Is LIV Golf shutting down? Everything we know as funding ‘set to be pulled’

The future of LIV Golf is in doubt amid reports that Saudi Arabia ’s Public Investment Fund (PIF) is set to pull its funding for the rebel golf league after just four years. Since its launch in June 2022, the PIF has thrown more than $5bn at LIV Golf attempting to overthrow the sport, signing some of the PGA Tour ’s biggest stars in Bryson DeChambeau , Jon Rahm and Brooks Koepka , as well as European Ryder Cup stalwarts Ian Poulter and Lee Westwood. But LIV Golf failed to make the splash that its big-money signing bonuses promised.

And on Wednesday, league executives called an “emergency meeting” in New York, according to The Telegraph . At the same time , senior LIV Golf figures insisted the league was going to continue and remain at “full throttle” this season, while executives are said to be focused on this week's event in Mexico. So what happens next?

What is LIV Golf and how did we get here? The rebel golf league, backed by Saudi Arabia’s Public Investment Fund (PIF) and founded in 2022, sparked a civil war in the sport and a bitter feud with the US-based PGA Tour. Enormous signing bonuses, in excess of nine figures, were offered to encourage players to make the controversial move to LIV Golf.

John Rahm, for example, was rumoured to have signed a $500m deal to join. It also attracted strong criticism and controversy, with human rights groups claiming the league as sportswashing and a political strategy for Saudi Arabia to improve its global image through sports. The league was run by the PIF’s governor, Yasir Al-Rumayyan, and two-time major winner Greg Norman , who operated as CEO until his departure in 2025, with Scott O'Neil replacing him.