LIV Golf CEO Confirms Saudi Funding Will End But Says He Has a Plan That 'Might Surprise Some People'
LIV Golf CEO Scott O'Neil confirmed Saudi funding will end after this season but says he has a business plan that might surprise some people going forward.
TL;DR
- Saudi Arabian Public Investment Fund will stop funding LIV Golf after this season.
- CEO Scott O'Neil confirmed the funding end but stated he has a business plan for the league's future.
- O'Neil expressed excitement about the plan, suggesting it might surprise people.
- He compared LIV Golf's situation to other private equity-funded businesses needing to generate revenue.
- Sources indicate the funding halt will occur after the 2026 season, with the Financial Times first reporting the news.
- O'Neil sent a memo to employees confirming the season will proceed as planned and emphasizing the league's resilience.
- He highlighted LIV Golf's role in disrupting the status quo and its achievements, including major wins by Brooks Koepka and Bryson DeChambeau.
- LIV Golf has shifted to a 72-hole format this season.