LIV Golf, Saudi Bridge to Trump, Hit by Spending Shift

Over the past year, Saudi Arabia has scaled back a string of costly ventures as it moves to reprioritize spending. Yet even as cuts reached projects from futuristic cities to ski resorts, one bet seemed largely untouchable: LIV Golf.

Now, the breakaway league is preparing for a potential bankruptcy filing after the Public Investment Fund pulled support, casting doubt over the future of a venture that upended professional golf with billion-dollar spending sprees and blockbuster player contracts.