Saudi Arabia Halts LIV Golf Funding; Elite Circuit Faces Insolvency

Saudi Arabia's Public Investment Fund is ending financial support for LIV Golf, pushing the elite circuit toward bankruptcy as the kingdom redirects resources to the 2034 Football World Cup. The move reverses years of heavy investment in the breakaway league, which had struggled to secure a lasting media deal and attract top-tier sponsors. The insolvency would mark a significant retreat from Saudi sports-washing ambitions, though the broader economic impact is limited.