Now, the investors have issued their own statement regarding the withdrawal of funding. They said: “PIF has made the decision to fund LIV Golf only for the remainder of the 2026 season. The substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF’s investment strategy.
“This decision has been made in light of PIF’s investment priorities and current macro dynamics. The LIV Golf Board has created a committee of independent directors to evaluate strategic alternatives for its future beyond PIF’s funding horizon. LIV Golf has substantially grown the game globally through its transformational and positive impact.
“It has forever changed the game of golf for the better. PIF remains committed to deploying capital internationally in line with its investment strategy, including its substantial current and future investments in various sports as a priority sector.”
Current LIV Golf chairman Yasir Al-Rumayyan is expected to depart, with Davis and Zinman planning to lead the charge for new “long-term financial partners.”
Davis, who is now the chairman of the Independent Directors Committee for LIV, believes the league still has a future in golf. He said: “The executive leadership team, along with Jon and I, see a clear opportunity to help the league formalise its structure, attract and secure long-term capital, and position the business for growth while continuing to promote the game across the world.
“We look forward to positioning LIV Golf for future success.”