LIV Golf Ropes In Lead Investor, League To Continue Without Saudi Funding
News sports other-sports LIV Golf Ropes In Lead Investor, League To Continue Without Saudi Funding LIV Golf Ropes In Lead Investor, League To Continue Without
News sports other-sports LIV Golf Ropes In Lead Investor, League To Continue Without Saudi Funding LIV Golf Ropes In Lead Investor, League To Continue Without Saudi Funding Published By, Last Updated: August 06, 2026, 12:23 IST LIV Golf CEO Scott O'Neil has said they have a new lead investor which will allow the league to proceed without Saudi funding. LIV Golf was launched in 2022. (AP Photo) LIV Golf has taken a major step toward reshaping its future after CEO Scott O’Neil announced Wednesday that the league has reached an agreement with a lead investor who would help fund operations moving forward while giving players a stake in the organization. The announcement came at a news conference ahead of this week’s LIV Golf New York event at Trump Bedminster, where O’Neil said players could benefit from becoming equity holders rather than receiving additional cash incentives. “So many of them came because this was a good opportunity for them to make some money, and this second bite at the apple is equity instead of cash," O’Neil said at a news conference at Trump Bedminster, site of this week’s LIV Golf New York event. Despite revealing the agreement, O’Neil did not disclose the investor’s identity or the financial terms involved. He said the investor has committed to supporting LIV after receiving approval from the league’s board. “He has signed a term sheet approved by our board, which will carry and fund LIV going forward," O’Neil said. “It’s very good news for all of us," O’Neil said.
O’Neil added that LIV has attracted interest from more than a dozen additional groups that could come in as minority investors, though he said the league is not dependent on those deals. “We don’t need them, but we have the opportunity to do it," he said of other investors. The investment agreement comes during a turbulent period for LIV Golf, which launched in 2022 with significant financial backing from Saudi Arabia’s Public Investment Fund. The fund’s decision earlier this year to step away from financing the league beyond 2026 created uncertainty about LIV’s long-term direction. The league has already canceled one tournament in New Orleans, while questions remain over whether the season-ending team championship in Michigan, scheduled for Aug. 27-30, will go ahead. Reports have suggested preparations for the event have not begun. “We have not made any final formal decisions and hope to in the coming weeks," O’Neil said. Since its launch, LIV Golf has spent more than $5 billion in an effort to establish itself as a global alternative to the PGA Tour. The spending included lucrative contracts designed to attract major champions and top-ranked players, including Brooks Koepka, Dustin Johnson, Bryson DeChambeau, Jon Rahm and Phil Mickelson. The league’s tournaments featured $20 million individual purses, along with an additional $5 million team competition prize pool. However, LIV’s player roster has started to change. Koepka was released from his contract and returned to the PGA Tour, while Patrick Reed opted not to renew his agreement.
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