Saudi PIF pulls the plug on LIV Golf funding

The Saudi PIF has officially confirmed that it is ending its investment in LIV Golf which it has funded to the tune of over $5 billion since its launch in 2021.
The PIF funding will end at the conclusion of the current LIV Golf season in August, leaving LIV Golf to find a new financial model to fund the future existence of the league from other sources of investment.
LIV Golf chairman Yasir Al-Rumayyan has stepped down from his role, and new board members have been appointed as the league seeks