Cam Smith Gets Honest About LIV Golf’s Future: 'It Was Obviously Not Working'
Summary
The Saudi fund supporting LIV Golf will stop financing after 2026. LIV Golf plans to raise outside money and run a smaller schedule focusing on key markets. Player Cam Smith said the high prize money era is over and changes, including pay cuts, are coming.Key Facts
- LIV Golf has been funded by Saudi Arabia's Public Investment Fund since it began.
- The fund will end support after the 2026 golf season.
- LIV Golf hired the bank Ducera Partners to find $250-$350 million from new investors.
- CEO Scott O'Neil wants a shorter schedule with about 10 events, targeting countries like Australia and South Africa.
- The league’s revenue doubled from 2024 to 2025 and is expected to grow again in 2026.
- LIV Golf now offers Official World Golf Ranking points, an important milestone.
- Player Cam Smith said prize money will likely be reduced next year and the unlimited Saudi money era is over.
- LIV currently gives out $30 million in prizes per event, which may be hard to maintain without new investment.
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