PIF approves $267 million of fresh capital for LIV Golf

Net spend by LIV of $100 million per month continues to be financed by Saudi PIF

The Saudi Public Investment Fund's total investment in LIV Golf has now reached $5.3 billion, following a $266.6 million capital injection approved by Governor Yasir Al Rumayyan on February 1, 2026:

In 2024 and 2025 net spending by LIV Golf averaged $100 million per month, financed by regular capital injections from PIF rather than a single annual payment.

Applying this run rate of spending in 2026, PIF can expect to invest $1.2 billion in total which will take its cumulative spending past $6 billion by the end of this year.

The increase in the LIV prize fund in 2026 has added $65 million to the tour’s cost base:

T = aggregate prize money across 13 tournaments, excluding season-ending Team Championship

The total prize money for each tournament increases from $25 million to $32.3 million:

• The individual prize fund of $20 million per tournament is unchanged.

• The team prize fund has been doubled to $10 million per tournament spread across all thirteen teams, not just the top three teams.

• A new “individual prize via team” pool has been introduced which allows the captains of the top three teams in each tournament to award a prize to one or more team members based on their performance. The captain of the first-placed team has $1 million to award, the second team has $800,000 available and the third team $500,000; total $2.3 million per tournament.

The increase in the annual prize fund will be partially offset by savings from the departures of Brooks Koepka and Patrick Reed.

There are indications that LIV is reducing its tournament staging costs which could help offset the prize fund increases. Performance 54 Group, the UK-based company that manages LIV events, reported results for the year ending April 30, 2025, noting that “There has been a small increase in the number of events under management but aggregate budgets have reduced so turnover has declined slightly.”

P54 also confirmed that “due to the successful delivery of LIV golf events staged by the Group, they have been renewed in all markets for multiple future years.”

At the current $100 million monthly burn rate, PIF's cumulative investment in LIV Golf will exceed $6 billion by the end of this year.