Saudi Arabia's Public Investment Fund (PIF) is set to end funding for the LIV Golf league after the 2026 season, leaving the controversial golf venture in limbo. The league, founded in 2021, was positioned as a rival to the PGA Tour and had agreed to merge with them in 2023. A committee of independent directors will evaluate strategic alternatives after PIF withdraws its funding. LIV's non-U.S. operations reported losing nearly $600 million in 2024. Despite new broadcast partnerships with FOX, IVT, DAZN and KC Global Media LIV, TV ratings have lagged behind the PFA.