Liv Golf, the competitor to the PGA Tour, bankrolled by Saudi Arabia's public investment fund,

is losing its funding from the Gulf State, according to the Wall Street Journal.

This follows weeks of speculation surrounding the upstart's potential shutdown.

Liv intends to tell staff and players, some of whom were among the PGA tour's most popular when they were poached,

on Thursday that the league will lose funding after the conclusion of this season.

Liv is in discussions with outside investors to keep the league operating, the journal reported,

though it noted maintaining its current form would be, quote, nearly impossible,

as the league has incurred mounting losses.

Unnamed sources cited by the journal said Liv no longer aligned with the Saudi Arabia Public

Investment Fund's strategy.

Forbes has reached out to LiveGolf for comment.

LiveGolf reportedly lost $1.4 billion in its first three and a half years of operation,

according to the Athletic.

This massive loss included $590.1 million lost from its UK branch in 2024 alone.

Rumors about Liv's shutdown accelerated this month after a report from the Financial

Times said the Saudi Arabia Public Investment Fund was considering pulling its funding from the

Golf League. Live also held an emergency meeting this month with league officials ditching a Mexico

city event to attend the summit in New York, according to the

Telegraph. Live made a massive splash when it was established in 2022 with billions of dollars

from Saudi Arabia. The league, unlike the PGA tour, offered guaranteed contracts for players

and managed to lure high-profile players like John Rom, Bryson de Chambot,

Brooks Cupca, and Phil Mickelson.

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