Saudi Arabia's Public Investment Fund plans to end its financial support for LIV Golf after this season. Players and staff are expected to be notified of the decision by Thursday, as the withdrawal of this multi-billion dollar backing plunges the future of the series into doubt.
The project has reportedly cost its backers in Riyadh over $5 billion, and it is rumored that they have cooled on the extravagantly expensive endeavor. In a further shift in leadership, Yasir Al-Rumayyan is resigning as chairman of LIV Golf.
A committee of independent directors will evaluate strategic alternatives for the league after the funding is pulled. Amid the uncertainty, representatives for multiple LIV Golf players have begun reaching out to the PGA Tour to explore a possible path back, though the PGA Tour is not yet ready to welcome back those who jumped ship.