LIV Golf future in jeopardy after losing Saudi funding

Driving the news: The Public Investment Fund said in a statement that the "substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF's investment strategy."

• "This decision has been made in light of PIF's investment priorities and current macro dynamics," PIF said. "The LIV Golf Board has created a committee of independent directors to evaluate strategic alternatives for its future beyond PIF's funding horizon."
• A LIV Golf spokesperson did not immediately respond to a request for comment.

The intrigue: PIF ultimately plunged more than $5 billion into LIV, according to Money In Sport.

• The investment helped the tour lure high-profile players like Bryson DeChambeau and Jon Rahm, but it failed to fetch a substantive TV audience.

What we're watching: Whether the PGA Tour allows LIV players to return.

• It recently provided a pathway for multiple notable players to come back, including major winner Brooks Koepka, but has suggested that future returnees will face a tougher path.