LIV Golf Faces Staff Reductions as Saudi Fund Withdraws Backing
LIV Golf is laying off numerous staff members as Saudi Arabia's Public Investment Fund ceases its financial backing, following the league's season finale which concluded near Indianapolis.
Indianapolis, IN, August 26, 2026 — LIV Golf has begun a significant reduction in its workforce, with numerous staff members being laid off. This action comes as Saudi Arabia’s Public Investment Fund (PIF), the primary financial backer of the upstart golf league, is reportedly ceasing its funding.
The layoffs follow the conclusion of LIV Golf’s most recent season, which wrapped up its schedule near Indianapolis. The specific number of employees affected by these reductions has not been publicly disclosed.
The Public Investment Fund, a sovereign wealth fund of Saudi Arabia, has been instrumental in establishing and operating LIV Golf since its inception. Its decision to withdraw financial support marks a pivotal moment for the organization, which has aimed to disrupt the traditional professional golf landscape.
Details regarding the timeline or specific conditions of the PIF’s withdrawal of financial backing were not immediately available. The league’s future operational and competitive plans remain to be detailed.
The trend summary did not provide further information on the contractor’s name, the exact date of the season finale, or specific locations near Indianapolis.
Story summarized from the original created by The Associated Press on www.wrtv.com, see more information here.
