Saudi Arabia’s Public Investment Fund is pulling its funding from LIV Golf at the end of the 2026 season. In a high-stakes gamble that fractured the world of professional sports, the league aimed to challenge the PGA Tour's dominance, bringing in top players like Jon Rahm, Brooks Koepka and Bryson DeChambeau. But how did this massive investment lead to failure? WSJ explores what went wrong and what the future holds for the star athletes who now face steep challenges to return to the PGA Tour.