Saudi Arabia's Public Investment Fund pulling the plug on LIV Golf funding after four years: report

Saudi Arabia's Public Investment Fund is pulling the plug connected its LIV Golf funding.

The Wall Street Journal reported Wednesday that, aft weeks of speculation, LIV Golf volition beryllium telling its players by Thursday that the Saudis volition nary longer beryllium backing the league, founded by Greg Norman, aft this season.

LIV Golf CEO Scott O'Neil each but confirmed the earlier reports this month.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

LIV Golf faces imaginable backing issues aft being denied Official World Golf Ranking points, a improvement that whitethorn frustrate players.

"The world is you're funded done the season, and past you enactment similar brainsick arsenic a concern to make a concern and a concern program to support america going. But that's not antithetic from immoderate different backstage equity-funded concern successful the past of man," O'Neil said up of the golf tour's lawsuit successful Mexico City.

O'Neil reportedly sent an email to his unit amid the archetypal reports that the play would spell "exactly arsenic planned, uninterrupted and astatine afloat throttle," but plans seemingly changed, and LIV announced its June tourney successful New Orleans was postponed with a day to beryllium determined.

O'Neil said the imaginable of a caller concern program "excited" him.

Scott O'Neil attends a property league successful Johannesburg to denote LIV Golf's instrumentality successful 2027 connected March 22, 2026. (Johan Rynners/Getty Images)

SCOTTIE SCHEFFLER BACKS JIM FURYK AS U.S. RYDER CUP CAPTAIN, BUT WORDS ONLY MATTER SO MUCH 

I talked astir immoderate structural changes — they're coming. You tin inquire conscionable astir the 50 radical I met astatine Augusta, I rolled retired the plan. We person one, it mightiness astonishment immoderate people..." helium said.

"This conception of, 'Do you person to rise money?' Probably. This is business. But if we support the trajectory going the mode we are and the gross maturation going, this is going to beryllium a truly bully concern for a truly agelong time."

LIV began successful 2022 and has produced 2 large winners successful Brooks Koepka, who has since rejoined the PGA Tour, astatine the 2023 PGA Championship, and Bryson DeChambeau astatine the 2024 U.S. Open.

LIV Golf shifted from its 54-hole format, a gully for golfers defecting from the PGA Tour, to 72 opening this season. Patrick Reed is also set to rejoin the PGA Tour.

Scott O'Neil during time 4 of LIV Golf South Africa astatine The Club astatine Steyn City successful Johannesburg connected March 22, 2026. (Johan Rynners/Getty Images)

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

It is speculated that DeChambeau's and Jon Rahm's contracts some extremity aft this season, leaving their play futures up successful the air.

LIV Golf did not instantly respond to a petition for remark from Fox News Digital.

Follow Fox News Digital’s sports sum connected X, and subscribe to the Fox News Sports Huddle newsletter.