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LIV Golf Racing to Close Deal as Funding Gap Threatens League's Future

A still-unclosed investor term sheet, players’ contract choices and unresolved lawsuits will determine whether LIV can relaunch in a smaller form or collapse.

Overview

  • LIV lost its primary backer when the Saudi Public Investment Fund said in April it would end funding after the 2026 season, forcing the league to search for outside capital.
  • League executives say an unnamed lead investor has agreed to a term sheet but the financing remains unsigned, conditional and on a compressed timeline to close.
  • LIV canceled its standalone Team Championship and folded that event into LIV Indianapolis, making Indianapolis the 2026 season finale and cutting the league’s immediate calendar.
  • Vendors and multiple companies have filed lawsuits and unpaid-claim suits seeking millions in owed fees, creating legal and financial liabilities that investors want resolved.
  • Top players are undecided about staying — Bryson DeChambeau is lobbying for the league while others have left or are reported to be considering exits — and investor interest appears tied to securing a critical mass of stars for any scaled-down “LIV 2.0.”