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Players told LIV Golf to run 'for many years' amid collapse rumours
TL;DR
Sergio Garcia revealed that LIV Golf players were assured earlier this year that the event would continue for many years, despite rumors of impending collapse. Concerns arise as reports suggest the Saudi Public Investment Fund may withdraw support.
Key points
- Sergio Garcia claims players were told LIV Golf would last for many years
- Rumors suggest LIV Golf is on the verge of collapse
- Saudi Arabia's Public Investment Fund may end its support
- Garcia states players have not received updates on the rumors
- Al-Rumayyan assured players about LIV Golf's future earlier this year
Mentioned in this story
LIV GolfSergio GarciaPublic Investment FundYasir Al-Rumayyan
Sergio Garcia says LIV Golf's players were told earlier this year the event would run for "many years" as rumours swirl the Saudi-backed venture is on the verge of collapse.
The Financial Times, external is among the publications to report that Saudi Arabia's Public Investment Fund (PIF) is on the verge of ending its support for LIV Golf, which would jeopardise its future.
Garcia said on the eve of the LIV Mexico tournament that the players "have not heard anything" in relation to the rumours.
But the 46-year-old Spaniard, who is captain of the Fireballs team in LIV, told a news conference that speculation runs contrary to what PIF officials indicated at the start of 2026.
"That is not what Yasir [Al-Rumayyan, governor of PIF] told us at the beginning of the year," Garcia said.
"[He told us] that he is behind us, that they have a project of many years. There are always rumours and I cannot comment anything more to you than what we know."
LIV players were told at their most recent event that funding is in place until at least 2032.
BBC Sport has approached LIV Golf for comment.
Last year it was revealed LIV's net losses in its international markets outside the US had spiralled to $461.8m in 2024, meaning it had lost more than $1.1bn since it was established in 2021.
PIF's overall investment in LIV was reportedly approaching $5bn, while broadcast rights were said to have raised just $2.7m.
LIV chief executive Scott O'Neil said in February that the tour would not be profitable for another five to 10 years.
In January, a senior source in Saudi Arabia told BBC Sport that towards the end of last year there was "a shift" in the kingdom's attitude towards some investments, with "everything in the PIF world under serious review".
The source added: "More money has been put into AI and the tech sector. There is pressure in Saudi Arabia to make sure that we're inviting in the right things that are sustainable and bring a return, and I don't see how LIV Golf is going to do that.
"It has had new sponsors such as Rolex and HSBC, but that's not enough to get anywhere close to what the players are being paid."
LIV caused a 'civil war' in professional golf in 2022 when they started luring star names away from the PGA Tour with the offer of huge pay increases.
Q&A
What did Sergio Garcia say about LIV Golf's future?
Sergio Garcia stated that players were informed earlier this year that LIV Golf would run for many years, despite current collapse rumors.
Why are there rumors about LIV Golf's collapse?
Rumors of LIV Golf's collapse stem from reports that Saudi Arabia's Public Investment Fund is considering ending its financial support.
Who is Yasir Al-Rumayyan and what did he communicate to LIV Golf players?
Yasir Al-Rumayyan is the governor of the Public Investment Fund, and he reportedly assured players at the beginning of the year that LIV Golf would continue.
What impact would the withdrawal of PIF support have on LIV Golf?
If the Public Investment Fund withdraws its support, it could jeopardize the future and operations of LIV Golf.
