Yasir Al-Rumayyan steps down as LIV Golf chairman after PIF funding withdrawal

13 articles · Updated · Yahoo Sports · Apr 30

Al-Rumayyan departs following PIF's decision to end financial support for LIV Golf after the 2026 season, with staff and players notified this week.
LIV Golf, launched in 2022 and backed by over $5 billion from PIF, faces uncertainty as new board members are expected to be announced and outside funding sought.
PIF is refocusing on domestic priorities amid reduced oil exports and major event commitments, leaving LIV's future and its ability to retain top players in question.

Will LIV's top stars now seek a return to the PGA Tour?

Did Saudi Arabia's $5 billion golf gamble ultimately fail?

How will this shakeup reshape the entire landscape of professional golf?

Who would invest in a league that loses over $500 million annually?

What happens to Jon Rahm's massive contract with PIF pulling out?