LIV Golf secures unnamed lead investor for 2027
BBC • • sports
Key Points:
- LIV Golf has secured an unnamed lead investor to sustain the competition in 2027 after the Saudi Public Investment Fund (PIF) withdrew its multibillion-dollar backing, which had exceeded $5 billion since 2022.
- A signed agreement with the new investor has been approved by the LIV Golf board, with the transaction expected to close in September, though financial details remain undisclosed.
- LIV Golf plans to make its players majority equity holders, a first for a major global sports league, and aims to create a multi-partner investment model for long-term stability and growth.
- The competition will reduce to 10 events in 2027, split evenly between the United States and international locations, down from 14 events planned for 2026, with some tournaments postponed amid uncertainty.
- Despite challenges, LIV retains several major golf champions on its roster, while the PGA Tour has strengthened alliances with other tours, intensifying competition within professional golf.
