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LIV Golf CEO Scott O’Neil has confirmed reports that the Saudi Public Investment Fund will stop giving money to the golf league after this season.
However, O’Neil told TNT Sports that he has a “plan” that “might surprise some people.”
“The reality is you’re funded throughout the season and then you work like crazy to create a business and a business plan to keep us going. But it’s no different than any other privately funded business in the history of mankind,” O’Neil said ahead of the golf tour’s next event in Mexico City on Thursday.
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Scott O’Neil attends a press conference in Johannesburg to announce the return of LIV Golf in 2027 on March 22, 2026. (Johan Rynners/Getty Images)
Despite the uncertainty, O’Neil is meeting the challenge head on.
“How we’re going to move forward is what I’m really excited about. I’ve talked about some structural changes – they’re coming. You can ask about 50 people I’ve met in Augusta, I’ve rolled out the plan. We have one, it might surprise some people…” he said.
“This notion of ‘Should you raise money?’ ” Probably. It’s business. But if we maintain the current trajectory and revenue growth, this is going to be a very good business for a very long time. »
Sources told PK Press Club that the Saudis will stop funding LIV after the 2026 season. The Financial Times was the first to report the news.
O’Neil wrote a memo to LIV employees obtained by PK Press Club Digital that confirmed the season was going to go on “exactly as planned, without interruption and at full capacity.”
Scott O’Neil during day four of LIV Golf South Africa at the Steyn City Club in Johannesburg on March 22, 2026. (Johan Rynners/Getty Images)
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“While the media landscape is often filled with speculation, our reality is defined by the work we do on the turf. We move toward the heart of our 2026 schedule with all the energy of an organization bigger, louder and more influential than ever,” O’Neil wrote.
“The life of a startup movement is often defined by these high-pressure moments. We signed up because we believe in disrupting the status quo. We’ve faced headwinds since the jump, and we’ve responded each time with resilience and grace. Now, we’re responding by doing what we do best: putting on the most compelling spectacle in sports.”
“The noise you hear is simply the sound of movement working. Accept it. We are pioneers, and although the road may not always be smooth, the destination is worth every mile,” he said. “Let’s go show the world why LIV Golf is the future of the game. It’s important. You mattered. Now let’s go win.
“Long LIV Golf.”
LIV began in 2022 and has produced two major winners in Brooks Koepka, who has since joined the PGA Tour, at 2023 PGA Championship, and DeChambeau at the 2024 US Open.
(L to R) Former U.S. President Donald Trump, His Excellency Yasir Al Rumayyan, Greg Norman, CEO and Commissioner of LIV Golf, and Majed Al Sorour, CEO of the Saudi Golf Federation, are seen on stage during day three of the LIV Golf Invitational – Bedminster at Trump National Golf Club Bedminster on July 31, 2022, in Bedminster, New Jersey. (Charles Laberge/LIV Golf)
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LIV Golf has gone from its 54-hole format, a draw for golfers leaving the PGA Tour, to 72 starting this season. Patrick Reed is also ready to join the PGA Tour.
