Saudi Arabia’s Public Investment Fund chairman Yasir Al-Rumayyan has reportedly resigned from his position on the LIV board as the PIF prepares to withdraw its funding from LIV Golf.
On Thursday, LIV Golf is expected to formally announce that Saudi Arabia’s Public Investment Fund — which has invested more than $5 billion into the breakaway circuit — will cease its financial support at the end of the 2026 season. The signs have been apparent for several weeks, with LIV executives confirming just days ago that its scheduled event in Louisiana was postponed.
In accordance with the PIF’s stunning decision, Al-Rumayyan has relinquished his position as chairman of the LIV board. In June 2022, he was instrumental in establishing LIV Golf alongside Greg Norman.
Throughout the years, Al-Rumayyan has been central to both the rise and dramatic fall of LIV Golf. In 2023, he was present at negotiations when the PGA Tour and PIF reached a framework agreement, apparently signaling the reunification of men’s golf.
Then in 2025, Al-Rumayyan met with PGA Tour officials — including commissioner Jay Monahan and player directors Tiger Woods and Adam Scott — during a meeting arranged by President Donald Trump at the White House. Just months before the Oval Office meeting to discuss reunifying professional golf, Al-Rumayyan was seated ringside with Trump at UFC 309 at Madison Square Garden in New York City.
During remarks at the FII Priority Summit in Miami in March 2026, Trump singled out Al-Rumayyan for recognition, highlighting his influence and resources.
“I’m joined tonight by many distinguished guests from all around the world, including FII Institute chairman Yasir Al-Rumayyan,” the POTUS began. “What a nice name… By the way, I know him really well, but I’ve never heard his last name.
“I know Yasir. I said, ‘Who the hell is that guy?’ But I know him by Yasir. I didn’t know if it was your first name or your last name. All I know is he’s got a lot of power. All I know is he’s got a lot of cash!”
Al-Rumayyan’s exit and the resulting withdrawal of financial support have cast uncertainty over LIV Golf’s 2026 schedule. The league had planned an event from May 7-10 in Virginia at Trump National Golf Club, which is owned by the United States President.
According to The Athletic’s Brody Miller, Louisiana Secretary of Economic Development Susan Bourgeois and LIV CEO Scott O’Neil reached an agreement to reschedule the New Orleans event — initially planned for June 25-28 — in response to LIV Golf’s “changing business model.”
In an official statement to the Associated Press, LIV Golf confirmed: “We have made the strategic decision to explore moving LIV Golf Louisiana to a new window.
“This shift allows us to avoid the peak summer heat and the crowded global sports calendar while ensuring the course is in the championship condition our fans and players expect. We are grateful for the continued partnership and flexibility of the state of Louisiana as we work together to deliver a world-class debut this fall.
“Our team is focused on maintaining the strong momentum of the 2026 season and we look forward to sharing finalized dates in the near future.”