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The Saudi Public Investment Fund ends its LIV Golf financing.
The Wall Street Journal reported Wednesday that after weeks of speculation, LIV Golf would announce to its players on Thursday that the Saudis would no longer fund the Greg Norman-founded league after this season.
LIV Golf CEO Scott O’Neil all but confirmed previous reports this month.
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LIV Golf faces possible funding problems after being denied points in the Official World Golf Ranking, a development that could frustrate players.
“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 before the golf tour event in Mexico City.
O’Neil reportedly sent an email to his team amid early reports that the season would go on “exactly as planned, uninterrupted and full throttle,” but plans apparently changed and LIV announced that its June tournament in New Orleans had been postponed with a date to be determined.
O’Neil said the prospect of a new business plan “excites” him.
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)
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I talked about some structural changes – they are coming. You can ask about 50 people I met in Augusta, I rolled out the plan. We have one, that might surprise some…,” 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. »
LIV began in 2022 and has produced two major winners: Brooks Koepka, who has since joined the PGA Tour, at the 2023 PGA Championship, and Bryson DeChambeau at the 2024 US Open.
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.
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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Both DeChambeau and Jon Rahm’s contracts are speculated to end after this season, leaving their golf futures up in the air.
LIV Golf did not immediately respond to a request for comment from PK Press Club Digital.
