Saudi Arabia 's sovereign wealth fund, the Public Investment Fund (PIF), confirmed on Thursday that it will be cutting funding for its breakaway LIV Golf  tour at the end of the current golf season, citing a change in investment strategy and "current macro dynamics" amid the ongoing conflict in the Middle East . The PIF launched LIV Golf in 2022 as a rival to the established US PGA Tour, which has organized professional golf across North America since 1968. It followed similar billion-dollar Saudi sports investments across Formula 1, boxing, snooker, tennis, e-sports and football, with PIF purchasing a majority stake in Premier League club Newcastle United in 2021. Last year, Saudi Arabia was awarded the rights to host the 2034 FIFA World Cup as it looks to diversify its economy, despite allegations of attempts to "sportswash" a democratic deficit and a poor human rights record.…