LIV Golf to make players 'majority equity holders' as league moves ahead
- On Wednesday, LIV Golf CEO Scott O'Neil announced the league secured a lead investor to provide capital after the Saudi Public Investment Fund withdrew its financial support in April.
- The Saudi PIF sank a reported $5 billion into the project since 2022 but announced this spring it would halt funding, forcing the league to seek between $250 million and $350 million.
- Notably, the agreement grants players majority equity stakes in the league, a first for a major global sports league, which O'Neil said will "play a key role in supporting the path forward."
- Interest from over a dozen additional parties to serve as minority investors is fueling a multi-partner model, with the transaction expected to close in September.
- LIV Golf returns to action this week, starting Thursday at Trump National Golf Club in Bedminster, New Jersey, to finish the 2026 season strong amid the ongoing financial restructuring.
46 Articles
46 Articles
This spring, Saudi Arabia withdrew its financial support for LIV Golf – now the breakaway league is getting new funding. In addition, the players themselves will become owners.
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LIV plots step forward
One day after a players-only LIV Golf meeting failed to produce a resolution, CEO Scott O'Neil announced Wednesday that a lead investor plans to fund the tour beyond this season and that the golfers will become the majority equity holders…
Billions have been burned, insolvencies are taking the round – how is the LIV Golf Tour going on? The CEO announces a new start. But cancelled events and emigrating stars put massive pressure on the league.
LIV Golf, which had been facing a financial crisis, has secured new investors and laid the groundwork for the continuation of the league. LIV Golf, which stood at a crossroads regarding its survival following the suspension of support from the Saudi sovereign wealth fund, plans to attempt to stabilize the league by announcing plans for next season in September.
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