The Financial Times is reporting that the Saudi Public Investment Fund — the $6 billion engine behind LIV Golf — is pulling out after this season. And the PIF's own 2026-2030 strategy document? LIV isn't mentioned.

There are still nine tournaments left this year. Rahm, DeChambeau, Mickelson, and the rest will keep playing. But if the funding disappears, the biggest question in golf isn't about LIV anymore — it's about what happens to those players. Will the PGA Tour take them back? On what terms? And at what price?

In today's Daily Dose, I break down what I'm seeing, what the PIF's exit signals for the sport, and why the "merger" that never happened might not need to.

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