LIV Golf is not going anywhere, at least for the next year. CEO Scott O'Neil confirmed Wednesday at Trump National Bedminster the league has landed a lead investor to keep the lights on moving forward with an agreement in place that is likely to reach final terms in September. Additional financial details such as what party and how much were not part of the announcement.
"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 released 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.
"Notably, our next chapter will make our players the majority equity holders in LIV Golf, a first for a major global sports league, and gives the league the foundation to keep growing the game worldwide. We anticipate finalizing terms in the coming weeks, with the goal of entering a transaction in September. In the meantime, our focus is on delivering a great week for fans and players at Bedminster and finishing the 2026 season strong."
LIV Golf will not only have new financial backers but also a new look dubbed LIV 2.0. The league will host 10 tournaments down from 14 — five internationally and five domestically. In addition to the number of tournaments getting cut down, so will the $30 million purses as the league tightens its belt and attempts to run a leaner operation, according to GOLF.
Players will also be allowed to play on other tours while regaining their name, image and likeness commercial rights.
In April, the Saudi Arabian Public Investment Fund announced that it would be pulling its funding from LIV Golf at the end of the 2026 season. PIF chairman Yasir Al-Rumayyan also stepped down from the league's board as a part of this decision.
The league since went shopping for outside investment in the range of $250 to $300 million. That is not the only financial maneuver it may make as reports have suggested the league may file for bankruptcy making those players who are still owed contract money creditors.
LIV Golf New York is the league's 11th event of the season and penultimate tournament with an individual component. Multiple outlets have reported that LIV Golf plans to cancel its team championship at The Cardinal at St. John's in Michigan scheduled for Aug. 27-30, 2026, although the league has yet to confirm.
