LIV Golf secures ‘lead’ investor for player-driven future after Saudi exit
Summary
LIV Golf has found a main investor to help continue its operations after Saudi Arabia’s fund said it would stop supporting the league by 2026. The league plans to give players majority ownership and aims to hold 10 events next season, including tournaments in the U.S. and internationally.Key Facts
- LIV Golf secured a lead investor with a signed agreement approved by its board.
- The new investment deal is expected to close in September.
- Saudi Arabia’s Public Investment Fund invested about $5 billion since 2022 but will stop funding after 2026.
- LIV Golf plans to make players the majority owners, a first in major global sports leagues.
- Next season will have 10 events: five in the U.S. and five international tournaments.
- The league canceled its New Orleans event and its season-ending team championship in Michigan.
- LIV Golf is exploring deals with multiple minority investors to improve long-term stability.
- The league will return to play starting this week at President Donald Trump’s golf club in Bedminster, New Jersey.
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