Saudi Arabia is set to end its financial support for LIV Golf, throwing the future of the breakaway league into doubt. The announcement, expected on Thursday, will see Yasir Al-Rummayan step down as chairman as LIV seeks new investors to cover substantial monthly losses and player contracts.

Funding Withdrawal and Leadership Change

The future of LIV Golf hangs in the balance as Saudi Arabia prepares to formally announce its withdrawal of funding on Thursday. Sources within the league confirm the decision, signaling a dramatic shift in the landscape of professional golf. Yasir Al-Rummayan, Governor of the Saudi Public Investment Fund, will also depart from his position as LIV Golf chairman, with plans to appoint at least two new board members.

Financial Challenges and Future Operations

Despite this significant financial blow, LIV Golf intends to continue operations, aiming to stage events in 2027. However, the viability of this plan remains highly uncertain given the limited returns generated from the substantial $6 billion investment received since its inception in 2022. League captains, including Dustin Johnson, were informed of these developments on Wednesday.

Seeking New Investment

LIV Golf executives are expressing optimism about attracting new investors, but the challenge is immense. The league is reportedly exploring options with private equity firms to offset the massive financial shortfall. A senior LIV source suggests that removing the Saudi connection could open doors to new investment opportunities, citing concerns about the Kingdom’s international reputation.

Significant Losses and Player Contracts

The financial realities are stark: LIV Golf is currently losing approximately £75 million per month. Key players like Bryson DeChambeau are demanding substantial sums – potentially up to £400 million – for contract renewals. The ongoing conflict in the Middle East has further solidified the Saudi decision to cease funding, deeming it unsustainable.

Recent Developments and Player Movement

Despite the looming crisis, LIV Golf has experienced some positive developments recently. Revenue has reportedly increased by $100 million through the first five events of 2026, and a significant portion of the league’s teams and tournaments are projected to be profitable this season. However, the postponement of a scheduled event in New Orleans is widely interpreted as a sign of financial constraints.

Players are already exploring potential avenues for returning to the PGA and DP World Tours, with some, like Tyrrell Hatton, potentially able to break their LIV contracts. The possibility of negotiated returns, similar to those secured by Brooks Koepka, is also being considered.