LIV Golf finds necessary funding to continue operations

The future of the LIV Golf Tour has been in a precarious situation since Saudi Arabia’s Public Investment Fund announced in April it would cease funding the league following the 2026 season.

“LIV is essentially dead; it’s easy to see,” Former ESPN personality Trey Wingo said in April. “Phil Mickelson has yet to play in a LIV event this year, and he says it’s from, you know, he’s dealing with a personal health issue with someone in his family. And I’m sure that might be true, but he hasn’t played in a single event.

“The fact that he hasn’t played in a single event probably should have told us something, right? I mean, no one was a bigger champion of LIV than Phil Mickelson.”

However, on Wednesday, CEO Scott O’Neil announced at Trump National Golf Club in Bedminster, New Jersey, where this weekend’s LIV tournament is being held, that an investor has been secured that will keep the Tour afloat.

“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 said via statement.

Official Statement from LIV Golf.#LIVGolf pic.twitter.com/XHyul4JuAk

— LIV Golf (@livgolf_league) August 5, 2026

“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.”

LIV to play 10 events in 2027, including five team “majors” at international sites including Australia, South Africa, England, Hong Kong and Mexico, as well as five team “signature events” in the United States.

“[It] gives the League the foundation to keep growing the game worldwide,” O’Neil said of the new investment. “In the meantime, our focus is on delivering a great week for fans and players at Bedminster and finishing the 2026 season strong.”