“Saudi Fund to Back Away From LIV Golf Under Mounting Financial Pressures”
May 6, 2026
“Saudi Arabia’s sovereign wealth fund is on the verge of announcing it will withdraw financial support from LIV Golf, the upstart golf circuit it launched four years ago to compete with the PGA Tour, a person familiar with the matter said Wednesday…
The move comes as Saudi Arabia’s $1 trillion sovereign wealth fund announced a new five-year strategy on Wednesday, with the fund’s governor saying it would slow down some of its biggest projects as it focuses on “increasing the efficiency of investments.”…”