LIV Golf future gets massive update

LIV Golf was founded in 2021 and began play in 2022. Just four years after their first event, it seemed that LIV was on its deathbed after a loss of funding.

Now, the reports of the demise of LIV may have been unfounded, according to Mark Schlabach of ESPN.

CEO Scott O’Neil has announced that the tour has received another round of funding, and they hope to close the transaction in September.

“LIV Golf has an agreement in place with a lead investor, signed by the investor and approved by the board, to anchor the transaction and play a key role in supporting the path forward for the league’s next era, driven by and for the players,” O’Neil said in a statement. “We’re also seeing strong interest from more than a dozen additional parties to potentially serve as minority investors, creating a multi-partner model built for long-term stability and growth.”

It was previously reported that LIV was seeking between $250 and $300 million in additional funding to keep the league moving, as Saudi Arabia’s Public Investment Fund announced it would no longer be financing the league.

O’Neil has also noted that golfers will be the majority equity holders in LIV Golf.

“[It] gives the League the foundation to keep growing the game worldwide,” O’Neil said. “In the meantime, our focus is on delivering a great week for fans and players at Bedminster and finishing the 2026 season strong.”

The league is set to play ten events in 2027, including international sites such as South Africa and Hong Kong, plus five events in the United States.

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