LIV Golf has secured a new lead investor, according to CEO O'Neil. The professional golf tour is preparing for a future that does not include financial backing from Saudi Arabia's Public Investment Fund (PIF).
LIV Golf secures new lead investor, says CEO O'Neil
The professional golf tour is preparing for a future independent of Saudi Arabia's Public Investment Fund
Narsimha Rao Mangu
Updates
The new investment deal for LIV Golf is reportedly worth up to $300 million, with the agreement expected to be finalized in September. Additionally, CEO Scott O'Neil noted strong interest from more than a dozen potential minority investors and announced plans to reduce the tournament schedule to 10 events, split evenly between the United States and international locations. Under this new structure, players are set to become the majority equity holders in the league.
