New financial data reveals the staggering scale of Saudi Arabia’s commitment to upending professional golf. According to reports from Money In Sport released on February 23, 2026, the Public Investment Fund (PIF) is projected to exceed a total spend of $6 billion on LIV Golf operations by the conclusion of the current season.
The Burn Rate: $100 Million Per Month
LIV Golf, now in its fifth season, continues to rely on regular capital injections from the PIF to sustain its aggressive global expansion.
- Recent Injection: On February 1, 2026, PIF Governor Yasir Al-Rumayyan approved a fresh $266.6 million capital boost.
- Cumulative Spend: Total investment has already reached at least $5.3 billion since the league’s inception in 2022.
- Operational Losses: In 2024, the league’s U.K.-based entity reported losses of $461.8 million. While U.S. figures remain private, the report indicates a net spending average of roughly $100 million per month throughout 2024 and 2025.
Where the Money Goes
The $6 billion figure is driven by massive player payouts and escalating tournament costs:
- Prize Purses ($1.9 Billion): Total prize money and bonuses paid since 2022 will hit nearly $2 billion by year-end. For 2026, event purses have risen to $32.3 million per tournament (up from $25 million).
- The “Nine-Figure” Club: Massive signing bonuses for stars like Jon Rahm, Bryson DeChambeau, Phil Mickelson, and Brooks Koepka remain the league’s largest upfront liabilities.
- Production & Operations: LIV continues to fully fund its own high-end broadcast production and global event logistics.
The Path to Profitability?
Despite the heavy spending, LIV executives are pivoting toward a “franchise model” to generate external revenue:
- Team Valuations: The league is aiming for $1 billion valuations for each of its 13 franchises.
- Equity Sales: Groundwork is currently being laid to sell ownership stakes in teams to outside private equity and corporate entities.
- Revenue Streams: Growth in international media rights, sponsorships, and merchandise sales are being cited as the primary pillars of the league’s future financial independence.