Overview
- In April the Public Investment Fund confirmed it will stop funding LIV after the 2026 season, leaving the league to operate on remaining Saudi cash while it seeks new capital.
- On May 18 reports said LIV is marketing up to $250 million to private equity, family offices and wealthy individuals and will present a plan showing $250 million could make the business profitable in about 20 months.
- LIV has hired advisers including Ducera Partners, AlixPartners and Gibson Dunn and is prepared to accept a smaller package near $150 million combined with team sales and new media rights if full funding is not secured.
- Multiple outlets reported May 19–20 that the league is simultaneously preparing for a possible U.S. Chapter 11 filing and considering a U.S. headquarters move so it can reject or reorganize expensive player and venue contracts if fundraising fails.
- Operational strain is already visible: events have been postponed and partner payouts have been rolled back, players face real risks to guaranteed pay, and some agents are privately exploring return paths to the PGA Tour or DP World Tour.