Saudi Arabia to pull investment from LIV Golf tour

Saudi Arabia to pull investment from LIV Golf tour Submitted by MEE staff on Thu, 04/30/2026 - 11:20 Kingdom's sovereign wealth fund to stop funding breakaway competition, as major projects continue to be scaled back South African golfer Charl Schwartzel plays a last shot on the 18th hole during the third and final day of a LIV Golf Invitational Series event in St Albans, UK, 11 June 2022 (AFP/Adrian Dennis) Off Saudi Arabia is set to withdraw its multibillion dollar investment in the LIV Golf tour at the end of this season, according to British media reports. Sources told the BBC that the breakaway tour would announce a “new strategic plan” on Thursday, and would try to find new financial investors. As part of the announcement, LIV Golf’s chairman Yasir al-Rumayyan is expected to resign, Sky Sports News reported.