Saudi Arabia to withdraw LIV Golf funding at end of season

Saudi Arabia has announced plans to withdraw its substantial financial backing of LIV Golf at the conclusion of the current season, casting doubt over the future of the breakaway golf series. The Gulf state's investment, estimated in the billions of dollars, has been the financial backbone of LIV Golf since its inception as a rival to the PGA Tour.

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BBC Sport reports that the withdrawal of Saudi funding leaves LIV Golf facing an uncertain future. The series has attracted major names with lucrative sign-on fees and prize money, but sustainability questions arise without the sovereign wealth backing that has defined the operation.

The announcement marks a significant development in the ongoing restructuring of professional golf's landscape. The future structure of elite golf calendars and the relationship between the established PGA Tour and LIV Golf may now face further recalibration as the series navigates this funding transition.