LIV Golf: What’s happening with the PIF’s involvement and its other investments?

The future of the LIV Golf series has been the subject of speculation this week amid reports that the Saudi Public Investment Fund (PIF) is set to withdraw its financial backing.

Here, the Press Association takes a closer look at what may be happening with the PIF’s involvement in LIV and its other sports investments.

LIV Golf’s future has been called into question this week, with reports that the PIF is only guaranteeing funding until the end of the season.

The PIF has not issued any public denial of the reports and individuals have privately only pointed to an email from LIV chief executive Scott O’Neil to staff in which he said: “Our season continues exactly as planned, uninterrupted and at full throttle.”

Some reporting around LIV’s future focused on the absence of any mention of sport when the fund unveiled its 2026-2030 strategy on Wednesday. However, the old strategy did not mention sport either and it is understood sport is captured within references to entertainment.

The PIF’s governor Yasir Al-Rumayyan said in an interview with Al Arabiya this week that some deals and investments were being “reviewed, whether due to war (in the Middle East) or for reasons related to economic feasibility”.

He added that the Middle East conflict, sparked by American and Israeli air strikes on Iran, “places greater pressure on the need to reposition certain priorities”.

It is reported that the PIF’s investment in LIV will top six billion US dollars by the end of this season, but for all that investment, it has struggled to generate significant revenue.

The PIF’s investment in Newcastle is understood to be unaffected by the new strategy unveiled on Wednesday.

PIF’s new strategy announcement set out a new plan for the structuring of