Saudi billionaires are discontinuing funding for LIV Golf, a sports project funded by the Saudi Public Investment Fund (PIF), after 2026. The fund, led by Crown Prince Mohammed bin Salman, has reportedly invested $5 billion into LIV without receiving any return. This follows a trend of decreasing investment in major sports projects, including a Winter Olympics-style sports festival and selling one of the country's best soccer teams. The PIF, which owns a majority stake in Newcastle of the Premier League and supports the Saudi Pro League, has also invested heavily in pro tennis, Formula 1, boxing and more. LIV has been restructured into an investment model with hopes of finding long-term partners.