NewsWPLG Local 10 – Main FeedAugust 5, 2026Miami-Dade
LIV Golf secures lead investor to replace Saudi funding and transition to equity-based model
LIV Golf CEO Scott O'Neil announced that the league has signed a term sheet with a new lead investor to replace the Public Investment Fund of Saudi Arabia, which is withdrawing its financial support after 2026. The new business model, dubbed "LIV Golf 2.0," aims to shift player compensation from cash bonuses to equity stakes and reduce prize money while maintaining a 10-event annual schedule.
Read the full story at WPLG Local 10 – Main FeedWhy It Matters
The transition to a new investor and -based compensation model directly impacts the financial stability of the league and the future employment terms for professional golfers currently under contract.
Key Facts
- LIV Golf has signed a term sheet with a new lead investor to replace Saudi funding.
- The Public Investment Fund of Saudi Arabia will withdraw funding after 2026.
- The new business model, 'LIV Golf 2.0', will offer players equity instead of cash.
- Future prize money is expected to be substantially lower than the current $20 million per event.
- The league plans to host 10 team events annually, split between the U.S. and international locations.
- LIV Golf has spent over $5 billion since its 2022 launch.
- Final terms with the lead investor are expected to be completed in September.
- One tournament in New Orleans has been canceled.
- The status of the season-ending team event in Michigan (Aug. 27-30) remains uncertain.
Who's Mentioned
personScott O'Neil“CEO of LIV Golf”personTyrrell Hatton“Professional golfer”personPhil Mickelson“Professional golfer”personPatrick Reed“Professional golfer”organizationPublic Investment Fund of Saudi Arabia“Current financial backer withdrawing support after 2026”personDustin Johnson“Professional golfer”personJon Rahm“Professional golfer”personLucas Herbert“Professional golfer”personBrooks Koepka“Professional golfer”personBryson DeChambeau“Professional golfer”