LIV Golf CEO confirms Saudi funding to end, but says he has a plan
Fox News • • sports
Key Points:
- LIV Golf CEO Scott O'Neil confirmed that the Saudi Arabian Public Investment Fund will cease funding the golf league after the 2026 season but emphasized having a surprising plan to sustain the business.
- O'Neil expressed confidence in LIV Golf's future, highlighting ongoing revenue growth and upcoming structural changes aimed at establishing a sustainable business model beyond Saudi funding.
- Despite media speculation, O'Neil assured employees that the 2026 season will proceed as planned with full energy, emphasizing the league's resilience and commitment to disrupting the traditional golf landscape.
- LIV Golf, launched in 2022, has produced notable major winners like Brooks Koepka and Bryson DeChambeau, but some players, including Koepka and Patrick Reed, have since returned to the PGA Tour.
- The league recently shifted from a 54-hole to a 72-hole format to align more closely with traditional golf tournaments, aiming to maintain competitiveness and appeal.
