What PIF pulling funding for LIV Golf would mean for Newcastle United and its Saudi ownership

On Wednesday, The Athletic reported that Saudi Arabia’s Public Investment Fund (PIF) is preparing to pull its multi-billion-dollar funding of LIV, the rebel golf league, according to golf industry sources.The controversial project was launched in 2021, with hundreds of millions of dollars being offered to golf’s leading names. It led to a bitter schism in the sport, with the likes of Brooks Koepka, Bryson DeChambeau, Dustin Johnson, Phil Mickelson, and Jon Rahm among those to sign up for the tour.Advertisement