Scott O'Neil, the CEO of LIV Golf, has downplayed concerns about the series' funding, stating that it is secure for the current season and that the organization will work diligently to ensure its continuation. The breakaway golf league, backed by Saudi Arabia's Public Investment Fund, has been at the center of speculation regarding its financial support, with reports suggesting that the PIF may withdraw its funding.
O'Neil's comments came in response to remarks made by LIV team captain Sergio Garcia, who alluded to funding being in place until 2030. The LIV Golf CEO emphasized that the series has commitments in place to ensure its ongoing operation and that it is not unusual for private equity-funded businesses to work towards creating a sustainable business plan. The PIF has not commented on the matter, and O'Neil's statement was made despite reports of an 'emergency meeting' in New York and claims that the PIF is reviewing its investments, including LIV Golf.
The situation has sparked concern among LIV Golf players, with some seeking reassurance from the organization's leaders. However, Jon Rahm, a Ryder Cup star and LIV Golf participant, expressed that he is 'not too worried' about the series' future, stating that he prefers to focus on the present and prepare for upcoming tournaments rather than speculating about potential changes.