Saudi Arabia on cusp of severing ties with LIV Golf: Report

Saudi Arabia on cusp of severing ties with LIV Golf: Report Submitted by MEE staff on Wed, 04/15/2026 - 20:03 Decision to walk away from $5bn investment comes as PIF governor says war on Iran accelerates pressure to 'reposition' investments Supporters gather ahead of the start on the first day of the LIV Golf South Africa tournament at The Club in Johannesburg's Steyn City, on 19 March 2026 (Phill Magakoe/AFP) Off Saudi Arabia’s Public Investment Fund (PIF) is on the cusp of cutting its backing for LIV Golf, as it tightens its belt amid the US-Israeli war on Iran and delayed megaprojects at home. The Financial Times reported on Wednesday that the kingdom’s sovereign wealth fund could announce it was stepping away from LIV Golf as early as Thursday, taking a hit on its $5bn investment in the entity. The report said PIF had been weighing an exit before the US-Israeli war on Iran began, but any decision would likely send a chill through the sports world and other entities seeking cash from Gulf sovereign wealth funds.