LIV Golf's CEO, Scott O'Neil, has alleviated concerns about the series' financial backing, stating that it is secured for the season and that the organization will work diligently to ensure its continuation. This comes amidst rumors that the Saudi Arabian Public Investment Fund (PIF), which funds the breakaway golf league, may withdraw its support.
The speculation has been fueled by reports that the PIF is reassessing its investments, with some valuing LIV Golf's funding at approximately $5 billion since its inception in 2021. O'Neil addressed these concerns, emphasizing that the league has commitments in place to operate as a going concern and that it will work tirelessly to create a viable business plan for the future.
Meanwhile, LIV Golf team captain Sergio Garcia remained tight-lipped about the situation, while CEO O'Neil asserted that the series will proceed as planned, uninterrupted and at full throttle, for the current season. The PIF has not commented on the matter, and no official decision regarding the funding has been made.
The situation has sparked confusion among some LIV Golf players, with Ryder Cup star Jon Rahm expressing that he is not overly concerned about the league's future, choosing instead to focus on the ongoing tournament in Mexico City.