LIV Golf Secures New Private Lead Investor After Saudi Public Investment Fund Pulls Backing

LIV Golf Chief Executive Officer Scott O'Neil announced on Wednesday that a lead private investor has officially signed a term sheet to fund the start-up golf tour moving forward. The agreement was formally approved by the league's board of directors during meetings in Bedminster, New Jersey.The financial infusion follows a decision by the Saudi Public Investment Fund (PIF) in April to withdraw its primary financial backing from the breakaway golf league. The Saudi fund had previously spent billions of dollars over a four-year period to establish, market, and subsidize the rival tour, which lured away multiple prominent PGA Tour players with lucrative guaranteed contracts.O'Neil declined to disclose the specific identity of the new private investor or reveal the exact dollar amount committed to the tour under the newly signed term sheet. When questioned directly by reporters regarding whether the completed transaction guarantees that LIV Golf will operate a full schedule next year, O'Neil stated that the funding secures the league's operations for the 2027, 2028, 2029, and 2030 seasons.The announcement was delivered directly to league personnel, team captains, and players during a series of private, closed-door meetings held on Tuesday afternoon at the Bedminster tournament site. The sudden transition in ownership and capitalization structures comes amid ongoing, stalled framework negotiations regarding a potential merger between the PGA Tour, DP World Tour, and external financial entities.