LIV CEO says circuit facing ‘very compressed timeline’ to secure funding deal
With the Saudi Public Investment Fund withdrawing its support after the end of the current season, LIV faces an uncertain future that could involve filing for bankruptcy.
LIV Golf CEO Scott O'Neil revealed on Wednesday that the circuit is facing a very tight timeline to secure a new lead investor and finalize a funding deal. According to O'Neil, reaching such an agreement will necessitate the support of the majority of the existing player roster. The announcement came ahead of LIV Golf Indianapolis, which will mark the final event of the season.
This decision followed the cancellation of the LIV Golf Team Championship in Michigan due to financial difficulties. The situation took a further turn when the Saudi Public Investment Fund decided to withdraw its support after the current season concluded. As a result, LIV Golf is now grappling with an uncertain future that may potentially lead to bankruptcy.
Reports indicate that vendors and some players are still awaiting payments. The current subscription plan does not permit commenting on this story. To become a commenter, please update your subscription plan as outlined in our FAQ.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
