LIV Golf Announces Deal With Unnamed Lead Investor
LIV Golf says it has found the cash it needs to survive. On Wednesday, the renegade golf league announced that it had struck a deal with a lead investor and had received interest from more than a dozen minority partners. The identity of LIV Golf’s new capital source and the amount of money invested were […]
LIV Golf has reportedly secured an unnamed lead investor to keep the competition running in 2027 following the Saudi Public Investment Fund's decision to cease its financial backing. The Saudi PIF had invested over $5bn in the league since its launch in 2022 but announced it would end its support at the end of the 2026 season. LIV Golf's CEO, Scott O'Neil, confirmed that a signed agreement with the new investor is in place and has received board approval, with the transaction expected to be finalized in September.
The amount of the investment remains undisclosed. O'Neil also announced that LIV Golf will make its players majority equity holders, a first for a major global sports league. The league's event count will reduce to 10 from next season, with five tournaments in the United States and five around the world. Major winners and former PGA Tour players like Bryson DeChambeau, Dustin Johnson, Jon Rahm, Cameron Smith, Martin Kaymer, and Sergio Garcia are expected to remain on the LIV roster after leaving the PGA Tour.
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