LIV Golf finds lead investor; players will become majority owners as league appears to secure future
sports.yahoo.com • • sports
Key Points:
- LIV Golf announced it has secured a lead investor and is exploring minority investments, aiming to finalize a deal by September and ensure the league's future stability and growth.
- The league plans to make players majority equity holders, a first for a major global sports league, signaling a shift toward player-driven governance.
- LIV Golf's original funding from Saudi Arabia's Public Investment Fund ended after the 2026 season, prompting a search for new capital amid financial challenges and scaled-back ambitions.
- Recent setbacks include the postponement of a New Orleans event, legal disputes, and the loss of support from the Asian Tour, which aligned with the PGA and European tours instead.
- Despite uncertainties, the Bedminster event and the individual championship in Indianapolis remain scheduled, while the future of the team championship in Michigan is unclear due to lack of preparation.
