commitment

LIV Golf CEO confirms Saudi funding commitment is only through 2026

LIV Golf appears to be dying on the vine but doesn’t want to say so.

Amid several reports that the Saudi-backed Public Investment Fund will cease its abundant funding of LIV Golf after the 2026 season, officials with the four-year-old PGA Tour competitor chose to focus on the fact that the show will go on — at least through August.

During a broadcast interview from the LIV tournament in Mexico City, LIV Chief Executive Scott O’Neil would not say if the league has a funding commitment from the Public Investment Fund, or PIF, beyond this year.

O’Neil responded to a question about golfer Sergio Garcia saying this week that LIV Golf Chairman Yasir Al-Rumayyan “told us at the beginning of the year that he is behind us, that they have a project of many years.”

“It’s just not the way the world works,” O’Neil said. “We have commitments to have this … the reality is you’re funded through the season and then you work like crazy as a business to create a business and a business plan to keep us going.

“But that’s not different from any other private equity-funded business in the history of mankind.”

The interview was pulled from the internet shortly after it was posted.

PIF announced a new five-year strategy Wednesday that will reduce international investments from 30% to 18-20% of the portfolio and place greater emphasis on Saudi domestic initiatives to promote sports. LIV Golf does not fit into that category and was not mentioned.

“PIF will continue to support Saudi Vision 2030 objectives by delivering competitive domestic ecosystems,” Al-Rumayyan said in the announcement. “The 2026-2030 strategy is a natural next step in PIF’s growth journey.”

PIF approved more than $250 million in additional funding for LIV Golf this year, hiking the total investment to more than $5.3 billion since the league was launched four years ago. Documented losses are more than $1 billion from 2022 to 2024, according to Forbes.

LIV Golf executives were rushed from various corners of the planet to a meeting this week in New York where the future of the operation was discussed in private and decisions were made.

A few flew in from Mexico City, where this week’s tournament began Thursday at the Club de Golf Chapultepec. It is one of the highest-altitude golf courses in North America, and LIV golfers took deep breaths before answering press questions about reports that the organization was on the verge of collapse.

“For me, it didn’t make sense to think about it or waste time thinking about,” superstar golfer Jon Rahm said after shooting a first-round 65. “Since everything happened so suddenly and so quickly, I wasn’t very worried about it because normally, before the rumors start, we already know something — there’s always someone within the league who knows something.”

Communication at the tournament was spotty. A power outage at the course Tuesday caused interviews to be canceled, and streaming of the first round Thursday was down for about two hours because of what were described as technical difficulties.

Yet nothing could stop the speculation and growing unease about the future of LIV Golf. Money continues to hemorrhage, as does the roster of big-name golfers.

LIV Golf purses each week are $30 million — 50% more than PGA Tour purses. Enormous signing bonuses were doled out to secure the services of superstar golfers Phil Mickelson, Dustin Johnson, Cameron Smith, Bryson DeChambeau and Rahm. All received bonuses of at least $100 million to defect from the PGA Tour, and Rahm, a relative latecomer to LIV Golf, received a reported $300- to $500-million bonus.

Yet original LIV Golf members Brooks Koepka and Patrick Reed recently returned to the PGA Tour. Others are bound to follow.

Former PGA standout Greg Norman was the LIV Golf chief executive until resigning in August, citing exhaustion. His comments upon exiting might have foreshadowed the current difficulties.

“I knew there were going to be a lot of headwinds,” he told the Australian Golf Digest. “I didn’t anticipate the magnitude of those headwinds because … as time went by, those headwinds were created by misperceptions.”

Norman was replaced by O’Neil, whose internal message to the LIV staff Wednesday attempted to quiet concerns about PIF pulling the plug. He urged the golfers to focus on the season that is already underway.

“We are heading into the heart of our 2026 schedule with the full energy of an organization that is bigger, louder and more influential than ever before,” O’Neil wrote in the message obtained by Sports Illustrated. “The life of a startup movement is often defined by these moments of pressure. We signed up for this because we believe in disrupting the status quo.

“We have faced headwinds since the jump, and we’ve answered every time with resilience and grace. Now we answer by doing what we do best: putting on the most compelling show in sports.”

One of those headwinds is that “a compelling show” can be a relative term. LIV Golf has been popular in golf-starved locales such as Australia and South Africa, but TV ratings are low everywhere and interest in events held in the United States is tepid.

PIF — worth an estimated $1.15 trillion — launched LIV Golf as part of a strategy to transform Saudi Arabia into a global sports hub, using its vast oil revenue to drive economic diversification, create jobs and boost tourism. Initiatives include massive investments in soccer, tennis and esports in addition to golf.

The PGA Tour countered by increasing prize money and creating a series of limited-field “signature events” for top players. Rory McIlroy and Tiger Woods are among the sport’s top stars to steadfastly remain loyal to the PGA Tour, with Woods turning down an offer from LIV Golf of $800 million in 2022.

Mexico City is the sixth stop in the LIV Golf 14-tournament season that concludes in August. The Individual Championship finale is scheduled for Indianapolis from Aug 20–23.

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Rwanda, DRC Renew Commitment to Execute Washington Peace Accord

The Democratic Republic of Congo (DRC) and Rwanda have agreed on specific measures to expedite the implementation of the Washington peace accords. This agreement was reached during meetings held in Washington on March 17 and 18. 

A joint declaration released by both countries and the United States on March 18 outlines these developments. The two parties have outlined a series of coordinated actions aimed at “defusing the tensions” and “pushing forward the situation on the ground”. 

The measures include a mutual agreement to respect the sovereignty and territorial integrity of each country, as well as the disengagement of Rwandan forces and the lifting of defensive measures in certain zones of eastern DRC. The authorities in Kinshasa are making some reinforced yet limited attempts to neutralise the Democratic Forces for the Liberation of Rwanda (FDLR) rebels.

The protection of civilians was reaffirmed as a priority. Both DRC and Rwanda reiterated their commitment to achieving lasting peace in the Great Lakes Region within the context of the Washington Accords.

This announcement comes amid persistent tensions in the eastern DRC. The Kinshasa authorities on Monday praised the sanctions imposed by the United States on the Rwandan Defence Forces (RDF) and several members of their officers accused of “direct involvement” on the side of the M23 rebels.

According to the Congolese government, these American measures constitute “a clear signal” in favour of the respect of the DRC’s sovereignty and the effective implementation of engagements taken within the context of the Washington Accords. It also insisted on the necessity for “coherence between diplomatic engagements and the operational realities on the ground”.

The government expressed its recognition of the United States’ role in the peace efforts and called for pursuing initiatives to ensure the respect of commitments and the re-establishment of a durable peace in the region.

The Democratic Republic of Congo and Rwanda have agreed on measures to implement the Washington peace accords, aiming to reduce tensions and improve the situation in eastern DRC.

Key actions include respecting each country’s sovereignty, Rwandan forces’ disengagement, and the protection of civilians. This agreement was supported by a joint declaration with the United States on March 18. Amid ongoing tensions, the DRC lauded U.S. sanctions against the Rwandan Defence Forces and officers accused of siding with M23 rebels, interpreting this as a commitment to respecting DRC’s sovereignty.

The Congolese government emphasized the importance of diplomatic coherence and applauded the U.S. role in peace efforts, urging further initiatives towards achieving lasting peace in the region.

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Jessica Pegula commitment to hard work turned her into an leader

Jessica Pegula never needed tennis.

She simply kept showing up for it anyway, through the long and often anonymous slog of the professional tour.

Now 32 and the oldest player in the top 10, Pegula is having her best season start yet.

The fifth-ranked American reached the Australian Open semifinals for the first time in January, falling to eventual champion Elena Rybakina. She followed that by capturing the Dubai 1000-level tournament, just a rung below the majors.

She is 15-2 so far in 2026, tied with Victoria Mboko in match wins and second only to Ukraine’s Elina Svitolina (17-3), who she defeated 6-2, 6-4 in the Dubai final.

Pegula is guaranteed to emerge from this week’s BNP Paribas Open in Indian Wells as the top-ranked American, overtaking No. 4 Coco Gauff, if she reaches the final.

Jessica Pegula kisses the Dubai trophy after defeating Elina Svitolina in the finals on Feb. 21.

Jessica Pegula kisses the Dubai trophy after defeating Elina Svitolina in the finals on Feb. 21.

(Altaf Qadri / Associated Press)

First, she will have to get past No. 12-seed Belinda Bencic of Switzerland, her fourth-round opponent on Wednesday. Bencic has not dropped a set in four previous meetings with Pegula.

“That will be a challenge for me,” said the characteristically even-keeled Pegula after defeating former French Open champion Jelena Ostapenko in the third round on Monday.

A late bloomer, Pegula has taken the long road.

She failed to qualify for Grand Slam main draws in 12 of 14 attempts from 2011 to 2018, and didn’t reach the third round at a major until the 2020 U.S. Open at age 26. All three of her Grand Slam semifinal runs — along with her 2024 U.S. Open final — have come after she turned 30.

Pegula said this week that her patience and persistence stem from “always being a little more mature for my age even when I was younger.”

“I think as I’ve gotten older, your perspective changes as well,” she added.

Pegula, whose parents are principal owners of the NFL’s Buffalo Bills and the NHL’s Buffalo Sabres, acknowledges that her wealthy family background can cut two ways.

Financial security offers freedom to push through the sport’s early years on tour, when results are uncertain and the grind is relentless. That same cushion might make it easier to walk away if the climb becomes too frustrating.

Jessica Pegula plays a backhand against Donna Vekic during their match at the BNP Paribas Open at Indian Wells.

Jessica Pegula plays a backhand against Donna Vekic during their match at the BNP Paribas Open at Indian Wells.

(Clive Brunskill / Getty Images)

Pegula says her motivation to pursue tennis came well before her family’s fortune grew.

“I’ve been wanting to be a professional tennis player and No. 1 in the world since I was like 7,” she said in a small interview room after beating Ostapenko this week.

“It’s a privilege, but at the same time I don’t want to do myself a disservice of not taking the opportunity as well,” she explained. “I’ve always looked at it that way.”

In the last few seasons, that maturity on the court has dovetailed with a growing leadership role off it.

Pegula has served for years on the WTA Player Council and was recently tapped to chair the tour’s new Tour Architecture Council, a working group tasked with examining the increasingly demanding schedule and structural pressures players say have intensified in recent seasons. The panel is expected to explore changes that could reshape the calendar and player workload in coming years.

Pegula said she hadn’t put up her hand to be involved but agreed after several players approached her to take the lead role — though she declined to say who they were.

“I think maybe as you mature … you realize how important it is to give back to the sport,” she said last week.

Life has also provided grounding and a wider lens.

Pegula’s mother, Kim, suffered a serious cardiac arrest in 2022, a situation she discussed in detail in a moving 2023 essay for “The Players’ Tribune.”

The Buffalo native and Florida resident also married businessman Taylor Gahagen in 2021. Gahagen helps “holds down the fort” at home with the couple’s dogs and travels with her when possible. He is with her in Indian Wells.

“I have an amazing support system,” Pegula says.

Despite winning 10 WTA singles titles, achieving a career singles high of No. 3 in 2022 and the No. 1 doubles ranking, Pegula’s low-key demeanor means she flies a bit under the radar.

She’s not one for fashion statements, outlandish antics or attention-seeking initiatives, her joint podcast with close friend Madison Keys notwithstanding.

Instead, Pegula tends to go about her business quietly, relying on a calm temperament and a methodical style that wears opponents down over time.

She gets the job done — the Tim Duncan of the women’s tour.

“She’s just all about lacing them up and competing between the lines, and then trying to be as big an asset as she can to her peers off the court,” says Mark Knowles, the former doubles standout who has shared coaching duties with Mark Merklein since early 2024.

“I think one of her great attributes is she’s very level-headed,” Knowles adds. “She doesn’t get too high, doesn’t get too low.”

Her tennis identity echoes her steadiness.

Instead of bludgeoning opponents with power, the 5-foot-7 Pegula beats them with savvy, steadiness and tactical variety. A careful student of the game, she studies matchups and patrols the court with a composed efficiency that incrementally drains big hitters and outmaneuvers most rivals long before the final score confirms it.

Keys calls that consistency her “superpower.”

“She doesn’t lose matches that she shouldn’t lose,” the 2025 Australian Open champion said this week.

Because of injuries in the early part of her career, Knowles says Pegula might have less wear-and-tear than other players her age. And he and her team have prioritized rest and recovery, which included the decision to skip the tournament in Doha last month following her tiring Australian Open run.

On brand, there was no panic in Pegula after dropping the first set in her two matches so far at Indian Wells. As she’s done all season, she steadied herself to earn three-set wins.

Bucket-list goals remain, however. Chiefly, capturing a Grand Slam title.

Jessica Pegula returns a shot to Jelena Ostapenko during the BNP Paribas Open in Indian Wells on Monday.

Jessica Pegula returns a shot to Jelena Ostapenko during the BNP Paribas Open in Indian Wells on Monday.

(Matthew Stockman / Getty Images)

Pegula jokes that she briefly interrupted a run of American female success when she fell in the 2024 U.S. Open final to No. 1 Aryna Sabalenka. But seeing close friend and teenage phenom Keys capture her major in Melbourne last year — after many wondered if her window had passed — hit closer to home.

“I think Madison winning Australia just motivated me even more,” Pegula says.

Although Pegula believes she is among the best hardcourt players in women’s tennis, that confidence hasn’t translated into success in the California desert. She has reached the quarterfinals just once in 10 previous appearances in Indian Wells.

“Why not try and add that one to the resume?” says Knowles, noting that she had never won the title in Dubai until last month. “She’s playing still at a very high level.”

Pegula says the key to keeping things fresh is maintaining her love of the game by continuing to improve and experiment with new ideas, a process that keeps her engaged mentally and eager to compete.

“I’m not afraid to kind of take that risk of changing and working on different things,” she says, “which just keeps my mind working and problem solving.”

For a player who never needed tennis, she remains determined to see how much more it can give her.

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