Yasir Al-Rumayyan set to step down from LIV Golf as funding crisis stokes Newcastle fears

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Credit: Imago Thu 30 April 2026 10:15, UK Yasir Al-Rumayyan will reportedly step down from his role as chairman of LIV Golf, with Newcastle United’s owners expected to pull their funding.Saudi Arabia’s Public Investment Fund (PIF) launched LIV Golf in 2022 as a breakaway league from the US-based PGA Tour. But Newcastle chiefs will be left concerned by the LIV Golf developments amid fears that the Premier League club could be left in the lurch. 💰 Newcastle Finance Update 💰 Inside the PIF transfer budget, player wages, commercial growth, PSR updates and boardroom developments at St James’ Park.

VISIT THE NEWCASTLE FINANCE HUB MORE FOOTBALL INSIDER STORIES Yasir Al-Rumayyan step down comes ahead of key Newcastle meetingFormer Manchester City financial adviser Stefan Borson exclusively told Football Insider last week that the news surrounding LIV Golf is a sign that Newcastle’s owners will not spend aggressively this summer. Sky Sports News reports that PIF, who have already spent nearly £4bn on LIV Golf, will confirm in an announcement that funding will be pulled and that Al-Rumayyan will resign, with a new strategic plan to seek long-term investors targeted.Newcastle right to be concernedWhile PIF have shown no sign of a willingness to make such a radical decision at Newcastle, the LIV Golf developments raise several questions.

What is going on behind the scenes at PIF? Will Newcastle be at risk of the same fate going forward?For now, decision-makers have no choice but to continue with business as usual, despite what is going on elsewhere.But there is no denying that PIF’s actions have created a feeling of unease around St James’ Park.