LIV waiting for $400M from Saudi bosses with | Golf News

LIV Golf has yet to obtain funding for the ultimate stretch of its season from the Saudi Arabia Public Investment Fund [PIF], which is set to withdraw its financial backing at the end of the 12 months.

The next scheduled event is not until late July in the United Kingdom, adopted by stops in two of America’s largest media markets in New York and New Jersey. The Financial Times stories that the 2 stateside occasions in Indianapolis and Michigan are those presently in jeopardy.

The PIF announced its resolution to cut funding just weeks in the past, and O’Neil has not too long ago been unable to guarantee that the circuit’s remaining occasions would positively go forward.

“What I can guarantee is a heck of a return if you come invest in this business,” said Scott O’Neil after being requested if he can guarantee the 4 remaining calendar occasions will occur. Top tour gamers, including Bryson DeChambeau, have been caught off guard by how swiftly PIF withdrew its assist, significantly given that LIV Golf has only been in existence for 5 years and had already shaken up the golf world since its inception.

“Well, I can say they’ve been terrific partners so far. And you have to take an incredible organization like PIF after word, and they’ve been very public about funding us through the season.

“So we’re full steam forward. The gamers are locked in, the management staff is locked in, and with advisors like Alex Partners and Gibson Dunn and our new board members, Gene Davis and John Zimmon, to Sarah’s, our lead bank. We’re fairly excited about where we’re.”

These remarks come in the wake of a LIV Golf executive telling Front Office Sports that a scheduling collapse wouldn’t be unexpected.

“Every remaining match is on the fence,” a senior executive at one of LIV’s major league-level partners told Front Office Sports.

“I actually do not suppose anybody is aware of,” the executive said. “LIV Golf would not know if or when the PIF will shut off the spigot.”

Reports point out that Saudi Arabia’s Public Investment Fund has formally injected over $5 billion into the LIV Golf circuit since its launch. However, it has since confirmed that 2026 would mark the ultimate season of secured funding — supplied the group can even keep financial backing through the rest of the current season.