Afloat

Two weeks ago, LIV Golf did its best to conceal the fact that the Saudi Public Investment Fund would cease to bankroll the league after the current season, only to have LIV CEO Scott O’Neill let the truth slip during a television interview.

This week, the intentions of PIF and consequences to LIV are known by all.

LIV Golf announced Thursday that it has established a new independent board that will attempt to keep the league afloat utilizing a “diversified, multi-partner investment model.” In other words, a model that doesn’t include PIF.

PIF Governor Yasir Al-Rumayyan no longer will serve as LIV Golf chairman, another unmistakable signal that the Saudi sovereign wealth fund worth an estimated $1 trillion is cutting ties with financially troubled LIV.

LIV Golf was supposed to be a key component in Saudi Crown Prince Mohammed bin Salman’s “Vision 2030” plan to diversify the kingdom’s economy away from oil. PIV lured megastar golfers Phil Mickelson, Jon Rahm, Bryson DeChambeau, Dustin Johnson and others away from the PGA Tour by shoveling hundreds of millions of dollars into their bank accounts.

Al-Rumayyan, Prince bin Salman’s trusted technocrat, was charged with implementing the plan, but LIV Golf has failed to attract significant viewership or commercial sponsors despite innovations such as a 54-hole format and a team model.

When LIV and the PGA Tour came to a short-lived, tentative agreement to end pending litigation and potentially join forces in 2023, Al-Rumayyan was a key figure in the negotiations.

A last-ditch effort to broker a merger between the rival leagues took place in the White House in February 2025 when President Trump hosted Al-Rumayyan, PGA Tour commissioner Jay Monahan and Tiger Woods. No agreement was reached.

Now, apparently, PIF will attempt to turn its attention to initiatives that don’t bleed billions. The fund has invested more than $5 billion into LIV Golf since it was launched in 2022 and is reportedly spending $100 million per month this year.

The wealthy but suddenly unmoored LIV golfers have been left to scramble like a weekend hacker trying to salvage a bogey after chipping into a sand trap.

LIV Golf Louisiana announced that the tournament scheduled for June 25-28 in New Orleans has been postponed. A new date hasn’t been set. However, an official told ESPN on Thursday that next week’s tournament at Trump National Golf Club outside Washington, D.C., will take place as planned.

Six other tournaments remain on the schedule that concludes with LIV team championships on Aug. 27-30 at The Cardinal at Saint John’s in Michigan. Tournaments outside the United States are scheduled for South Korea, Spain and Great Britain.

Hired Thursday to come up with a financial model to keep LIV afloat sans PIF are Gene Davis and Jon Zinman, described in a LIV statement as “seasoned experts with proven track records of navigating complex situations and unlocking value for global organizations.”
 
LIV Golf’s contorted spin on acknowledging that PIF will no longer subsidize the league was a statement saying it will focus on ”securing long-term financial partners to support its transition from a foundational launch phase to a diversified, multi-partner investment model.”

Davis, the newly appointed chairman of the LIV Independent Directors Committee, sees opportunity in the face of a PIF-less future.

“LIV Golf has built something truly differentiated — a global league with passionate fans, world-class talent, and demonstrated commercial momentum,” he said in a statement. “The executive leadership team, along with Jon and I, see a clear opportunity to help the league formalize its structure, attract and secure long-term capital, and position the business for growth while continuing to promote the game across the world.

“ We look forward to positioning LIV Golf for future success.” 

A perfect storm involving three U.S. Navy aircraft carriers highlights the strain on the fleet amid an ongoing war in the Middle East and tensions in Asia. One of the carriers was damaged by a fire, another just saw its service life extended for the second time, while a third had its delivery pushed back until 2027. Though a Navy official told The War Zone there is no connection between the fire and service life extension, taken in concert these events show how difficult it is to build, operate and maintain the huge and expensive nuclear warships, especially when their deployments or service lives are pushed past anticipated timelines.

On March 12, a fire broke out in the laundry area of the USS Gerald R. Ford while underway in the Middle East, injuring two sailors. Though officials initially said the damage was minor, the vessel is now heading to Souda Bay in Crete for repairs, according to USNI, taking it out of war against Iran. On Monday, The New York Times reported that the fire took more than 30 hours to extinguish and left more than 600 sailors “bunking down on floors and tables.”

It is unclear how long the Ford’s repairs will take, but it leaves only one carrier, the USS Abraham Lincoln, on station as the war drags into its 18th day with no immediate end in sight.

The fire was the latest of the Ford’s woes during what has become a 10-month-long deployment that has twice been extended and would set a post-Vietnam War record by mid-April unless it is sent out of theater. The previous record, at 294 days, was set by the USS Abraham Lincoln in 2020. However, a military official told the Times that the Pentagon recognizes that the Ford is reaching the limits of its deployment length. He added that the USS George H.W. Bush is preparing to deploy to the Middle East and will probably relieve the Ford. CENTCOM declined to comment when we asked for additional details.

As we previously reported, the Ford experienced sewage issues prior to deploying to the Middle East from the Caribbean, the latter of which is where it played a big role in the capture of Venezuelan dictator Nicolas Maduro. Even before that, Adm. Daryl Caudle, the Chief of Naval Operations, was so concerned in January about the condition of the ship and its crew and the scheduled repairs it would miss that he said he would “push back” on any order to extend its deployment.

Typical carrier deployments last about six to eight months, a period designed to ensure the ships can maintain readiness and the crews do not get worn out. When that doesn’t happen, it creates a cascading series of problems that affect not just the ships and crews, but the facilities that have scheduled repairs and lined up workers to make them happen.

The USS Dwight D. Eisenhower, the last carrier to make an extended deployment, has seen its planned maintenance extended for a half year and counting as a result of the additional strain of being away from its home port for so long. The Navy’s Fiscal Year 2026 budget shows that work on the ship was supposed to have been completed last July, but it is still unfinished. The lack of availability reverberates across the rest of the fleet. That in turn limits the options commanders have when planning or preparing for contingencies and puts the overall carrier availability plan out of whack.

The Ford already was going to require an extended refurbishment before the fire, now that could be extended much longer. You can read much more about the problems created by deferred carrier maintenance via extended deployments in our deep dive into the issue here.

Meanwhile, the aircraft USS Nimitz, the Navy’s oldest operational carrier, has seen its service life extended for the second time.

“USS Nimitz‘ (CVN 68) service life has since been extended to March 2027,” the Navy said in a statement. “Accordingly, the U.S. Navy plans to inactivate the ship in 2027.”

On March 13, the Navy signed a $95.7 million contract with Huntington Ingalls Inc. “for advance planning and long-lead-time material procurement to prepare and make ready for the accomplishment of the inactivation and defueling of USS Nimitz (CVN 68). Work will be performed in Newport News, Virginia, and is expected to be completed by March 2027.”

The news of the extension broke after the carrier departed Naval Base Kitsap in Bremerton, Washington on March 7 to head to Naval Station Norfolk in Virginia as part of a scheduled homeport shift prior to decommissioning, according to Breaking Defense, the first to report the change in the Nimitz’s plans. The Nimitz was initially scheduled to be taken out of service in April of 2025, but that was extended to May of 2026.

It is unclear if the Nimitz will deploy before it will be finally inactivated, but it is no longer assigned an air wing.

However, the decision to keep the ship in service until 2027 coincides with the delivery of the future USS John F. Kennedy, the second Ford class carrier, being pushed back until then. 

The Kennedy’s “delivery date shifted from July 2025 to March 2027 (preliminary acceptance TBD) to support completion of Advanced Arresting Gear (AAG) certification and continued Advanced Weapons,” a Navy official told us in December.

Federal law requires the Navy to keep at least 11 carriers in the fleet. We’ve asked the Navy if there is a connection between the Nimitz extension and the Kennedy’s delivery delay and will update this story wtih any pertinent information provided.

The Navy announced that the Kennedy completed Builder’s Sea Trials (BST) at Newport News Shipbuilding (NNS), a division of HII, in Newport News, Virginia, Feb. 4. BSTs provide an opportunity to test ship systems and components at sea for the first time, and make required adjustments prior to additional underway testing.

The current status of the Ford, Nimitz and Kennedy shows the jenga-like nature of trying to meet the needs of commanders while maintaining the condition of ships and crews and adhering to federal law. All of this, of course, is in flux. Given that America is in a new war with an uncertain future, there could be further shockwaves to the Navy’s plans for its carrier fleet.

Contact the author: howard@thewarzone.com