Saudi Arabia's Public Investment Fund (PIF), the financial backer of LIV Golf, has reportedly dropped plans to launch a new golf league in 2027, according to an Associated Press report.
The development signals a potential shift in strategy for the sovereign wealth fund, which has invested heavily in professional golf through LIV Golf since its inception. PIF Governor Yasir Al-Rumayyan has been the key figure overseeing the fund's golf investments, including the LIV Golf series that features players such as Jon Rahm, captain of Legion XIII.
The report comes amid ongoing discussions between LIV Golf and the DP World Tour, led by CEO Guy Kinnings, about the future structure of professional golf. LIV Golf CEO Greg Norman has been the public face of the Saudi-backed circuit since its launch.
Details about the specific reasons for abandoning the 2027 league plan were not immediately available. The PIF's golf investments have been part of Saudi Arabia's broader sports strategy, which includes hosting major international events and acquiring stakes in various sports properties.
