LIV Golf's future hangs in the balance as speculation mounts that Saudi Arabia's Public Investment Fund (PIF) is withdrawing financial support. The breakaway tour, which revolutionized golf with its 54-hole format and $5bn investment, has failed to achieve the decisive victory over established tours that its backers envisioned. European golf sources believe LIV will not continue past this year despite CEO Scott O'Neil's insistence that business continues as usual.

The tour faces staggering losses exceeding $1.1bn since its 2021 inception, with net losses outside the US reaching $462m in 2024 alone. While revenue from sponsorship and ticket sales has improved, the returns remain minimal compared to the massive investment. Players like Jon Rahm, Brooks Koepka, and Cameron Smith, who were lured with lucrative contracts, now face uncertain futures as their paths back to the PGA Tour and DP World Tour remain complicated.

Saudi Arabia's shift toward more sustainable investments, following a $73bn budget deficit, appears to have accelerated LIV's potential demise. The kingdom remains committed to other major projects like the 2034 World Cup but has reevaluated its sports spending strategy. If LIV folds, players may need to "eat humble pie" and pay substantial fines to return to established tours, with Rahm already in dispute with the DP World Tour over terms.