Saudi Arabia's Public Investment Fund is reportedly on the verge of cutting financial support for LIV Golf, the rebel tour it launched in 2022 with approximately $5 billion in backing, according to multiple reports.

The uncertainty over the tour's future emerged publicly last weekend during the Masters tournament in Augusta. LIV executives were reportedly delayed in arriving at this week's tournament in Mexico City after being summoned to a meeting in New York to discuss the tour's status.

LIV Golf launched in 2022 as a direct competitor to the established PGA Tour, attracting some of golf's biggest stars with lucrative contracts that reportedly totaled hundreds of millions of dollars. The Saudi-backed venture split the professional golf world, with players choosing between the traditional tour structure and the new league.

Rumors about potential shutdown of the tour began circulating on social media Tuesday evening, though LIV Golf officials have declined to comment on the speculation. The reports suggest that Saudi Arabia's Public Investment Fund is now focusing its sports investments more heavily on football and esports rather than golf.

Despite the uncertainty, some players have indicated they were previously told the tour would continue for many years. Sergio Garcia said earlier this year that LIV Golf's players were informed the event would run for an extended period, according to reports.

The potential withdrawal of Saudi funding would represent a significant shift for professional golf, which has been divided since LIV's launch. The tour's future remains unclear as discussions continue regarding the level of financial support from its primary backer.