LIV Golf reaches agreement with 'new lead investor' after Saudi PIF withdrew funding from breakaway league

LIV Golf has reached an agreement with a new unnamed investor after Saudi Arabia's Public Investment Fund (PIF) announced in April it was ending funding to the breakaway league at the end of 2026.

As part of the arrangement, players will also own a majority equity stake in the league, with the season set to be hosted around 10 annual team events.

The season schedule would also include five global "Team Majors" staged across different continents.

The PIF's decision to withdraw funding from the league in April cast doubt over LIV Golf's future.

Following a board restructuring, LIV later announced that it was seeking new "long-term financial partners".