sand trap

Saudi sovereign fund mulls LIV Golf’s future after $5B in losses

U.S. President Donald Trump is one of LIV’s biggest fans and hosted several of its tournaments at his golf resorts in New Jersey, Virginia and Florida

Mike Egerton/PA Images via Getty Images

Public Investment Fund Governor Yasir Al-Rumayyan at the LIV Golf U.K. tournament last year

By

Jonathan H. Ferziger

January 15, 2026

After pouring nearly $5 billion into its upstart LIV Golf tournament, Saudi Arabia’s Public Investment Fund is facing questions about whether its high-stakes confrontation with the PGA was worth it.

Inside the $925 billion sovereign wealth fund, senior...