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LIV Golf Scrambles for Capital After Saudi Backer Ends Long-Term Funding

The league is pitching about $300 million to outside investors to cover remaining 2026 costs to avoid tournament cancellations.

Overview

  • In April the Public Investment Fund said it will stop funding LIV Golf beyond the end of 2026, forcing an urgent cash hunt by the league.
  • The Financial Times and multiple outlets report LIV needs roughly $600 million to finish the season while PIF has paid about $66 million in early May and $130 million in early June.
  • CEO Scott O’Neil is conducting a roadshow seeking about $250–$350 million from private equity, family offices and regional backers and has declined to guarantee the last four 2026 events will take place.
  • LIV has hired advisers, installed independent directors and proposed a leaner 'LIV 2.0' plan that would cut the schedule, lower purses and offer player equity as part of potential restructurings.
  • If new funding does not arrive the practical fallout could include canceled late‑season tournaments, cuts to guaranteed player pay and sales or revaluation of teams after more than $5–6 billion of PIF support since 2022.