LIV Golf secures lifeline 'lead investor' for player-driven future
LIV Golf has secured a new, unnamed investor to keep the breakaway competition going, with players set to become majority shareholders.
LIV Golf has secured a new investor but has not disclosed the identity of the party. Chief executive Scott O Neill revealed that players will become the majority equity holders in the league. The organization is set to host its 2026 season finale in Bedminster, New Jersey this weekend. A signed deal with the undisclosed investor has been approved by the LIV Golf board, with the transaction expected to close in September.
Although specific details on the capital infusion amount were not disclosed, reports suggest the league is seeking investments between $250 to $350 million. LIV Golf initially planned for 14 events next season, including five international and five domestic, but has reduced that number to potentially 10 events. The cancellation of the New Orleans event and the team championship in Michigan has fueled speculation about the league's future.
LIV Golf's cancellation of the New Orleans event in June and the potential team championship cancellation in Michigan have raised concerns about the league's stability.
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