LIV Golf Secures Funding to 2030 After $5 Billion Saudi PIF Exit
Updated
Updated · The Guardian · Aug 6
LIV Golf Secures Funding to 2030 After $5 Billion Saudi PIF Exit
3 articles · Updated · The Guardian · Aug 6
Summary
2030 is now LIV Golf’s stated runway after CEO Scott O’Neil said a board-approved term sheet with an unnamed “lead investor” will fund the circuit through the end of the decade.
Saudi Arabia’s Public Investment Fund had withdrawn backing, forcing O’Neil to find replacement capital for a business built on 14 events with $30 million purses and sustained by an estimated $5 billion of Saudi money.
2027 plans point to a much leaner model: a core 10-event schedule with $10 million tournaments, while players are set to receive the majority of equity in the business.
High-profile departures still look possible by year-end, with O’Neil declining to guarantee stars such as Jon Rahm and Bryson DeChambeau will stay even as LIV expects its 2027 lineup to become clearer by late August.