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3h ago

LIV Golf Seeks New Investors After Saudi Backer Ends Funding

Independent directors and restructuring advisers are pitching a smaller, team‑focused model and a $250–$350 million raise as the league readies U.S. bankruptcy options.

May 15, 2026; Newtown Square, Pennsylvania, USA; Bryson DeChambeau plays his shot on the seventh tee during the second round of the PGA Championship golf tournament. Mandatory Credit: Bill Streicher-Imagn Images
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Fans shop inside the official merchandise tent for LIV Golf Korea at Asiad Country Club in the southeastern city of Busan on May 28, 2026. (Yonhap)

Overview

  • Saudi Arabia’s Public Investment Fund has confirmed it will stop financing LIV Golf after the 2026 season, leaving a large, immediate funding gap for the league.
  • LIV has installed independent directors and hired restructuring and investment advisers to lead a drive to sell team franchises and secure roughly $250 million to $350 million from outside investors.
  • Executives are pitching a downsized 10‑event international schedule and are exploring a U.S. relocation and Chapter 11 restructuring as a contingency to renegotiate contracts and preserve operations.
  • Top players face real contract risk and payment uncertainty, with several saying they were surprised by the PIF decision and Bryson DeChambeau publicly saying he is ‘giving all I can’ to help find investors while weighing his post‑2026 options.
  • The league’s crisis follows years of heavy PIF spending that industry reporting estimates at several billion dollars and a high cash burn, and the outcome will shape event plans, player pay and the future of team‑based golf.