LIV Golf Issues Layoff Warnings After Saudi Arabia Withdraws Funding

LIV Golf Financial Restructuring·Updated July 8, 2026

5 hours ago

LIV Golf Issues Layoff Warnings After Saudi Arabia Withdraws Funding

LIV Golf has issued layoff warnings to its staff as it searches for new investors to replace its primary financial source. The move comes after Saudi Arabia's Public Investment Fund officially pulled its funding for the league. This loss of capital already led to the cancellation of the New Orleans event earlier this year. To manage the crisis, the league hired AlixPartners to find long-term strategic partners and create a new business plan. Former President Donald Trump has also weighed in on the league's status as it attempts to navigate these major financial changes.

Is Trump backed LIV Golf shutting down? What to know amid layoff warningInevitable outcome arrives for LIV Golf as Saudis officially pull plug on fundingLIV Golf's New Orleans event cancelled weeks after CEO vowed season would go on 'full throttle'

News

Is Trump backed LIV Golf shutting down? What to know amid layoff warning

NewsweekCenter

LIV Golf Taps AlixPartners for Fundraising Efforts, Sky Reports

news_articleCenter Left

Trump weighs in on LIV Golf, PGA Tour after Saudis pull funding of startup league

news_articleRight

Inevitable outcome arrives for LIV Golf as Saudis officially pull plug on funding

news_articleRight

LIV Golf's New Orleans event cancelled weeks after CEO vowed season would go on 'full throttle'

news_articleRight

Analysis generated by AI. Always verify with official sources.