LIV Golf Uncertainty Has Boxing Watching Saudi Investment

A potential withdrawal by Saudi Arabia’s Public Investment Fund from LIV Golf has created an early warning sign for boxing, even as the sport continues to benefit from heavy investment tied to Riyadh Season events.

Reports from The New York Times indicate the PIF is close to stepping back from its financial support of LIV Golf, a project that has received billions in backing since its launch. The development has drawn immediate attention across sports, including boxing, where Saudi funding has helped deliver several major fights that had previously stalled in negotiations.

Dan Rafael reacted to the news by posting, “Hopefully, boxing isn’t next,” reflecting a concern shared by industry observers watching how aggressively the fund chooses to allocate resources moving forward.

Boxing’s recent surge has been tied to event-driven spending rather than long-term league building, with large site fees and purses used to bring together fighters across promotional lines. That structure has made it easier to finalize fights that otherwise faced delays over revenue splits and network alignment.

There are signs boxing could be handled differently. A recent partnership with TKO Group Holdings points toward a more structured approach instead of funding one-off events, which may give the sport a longer runway.

Any change in spending approach would likely show up first in negotiations. Without the same financial cushion, deals could take longer to complete, and the number of large-scale events could narrow, especially if investment priorities begin to favor domestic infrastructure, technology, and artificial intelligence initiatives globally.

Nothing has changed in boxing yet, but the signal is hard to ignore. LIV Golf remains active, yet is still under review, and that alone has placed other Saudi-backed sports investments under closer scrutiny.