The Saudi Public Investment Fund officially confirmed it will pull its funding from LIV Golf at the end of the 2026 season, a bombshell that the Wall Street Journal first reported and has since been confirmed by multiple outlets.

The sovereign wealth fund is pulling the plug after pouring an estimated $5 billion into the circuit since its launch in 2021.

LIV has already postponed its upcoming event in New Orleans, and it must now find investors willing to contribute significant funds to keep it running through 2027 and beyond.

To try and pull that off, the league announced a new independent board led by Gene Davis and Jon Zinman, who will seek to secure long-term financial partners.

LIV also hired U.S.-based Ducera Partners as its investment banking adviser, a firm with deep ties to corporate bankruptcy restructuring.

Bryson DeChambeau, one of LIV's most recognizable figures, recently said he was "very optimistic" about the league's future and had "quite a few ideas" for potential investors.

Meanwhile, Jon Rahm, LIV's all-time points and money leader, is taking the exact opposite approach.

“I know nothing about business,” Rahm said plainly on Tuesday. “My job is to play golf ... I don’t have the free time that Bryson has to be flying around the country to attend meetings with three little ones and one on the way. Even if I wanted to, I don’t know if I could do it.”

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Rahm is the reigning two-time LIV Golf Individual Champion and captain of Legion XIII.

He is also now the league's winningest player across all competitions, with 16 different LIV Golf trophies, one ahead of DeChambeau.

In other words, he is, without question, the face of the league.

So, when he declines to go into the business side of things, it carries a different weight than if a fringe player does it.

In December 2023, Rahm reportedly received a deal around $300 million over multiple years, the largest contract in LIV.

He's already said he doesn't see "many ways out" of that contract, and that right now he's not really thinking about it.

With a $300 million contract, a Ryder Cup spot back in play, and a trophy case full of LIV hardware, Rahm doesn't need to save the league. The question now is whether the league can save itself, without him.

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