LIV Golf CEO Scott O'Neil has downplayed concerns over the series' funding, stating that it is 'funded through the season' and that the organization will 'work tirelessly' to ensure its continuation. This comes amid speculation that the Saudi-backed league's financial supporters might withdraw their backing. The breakaway golf league, which was established in 2021 and is funded by Saudi Arabia's Public Investment Fund (PIF), has been at the center of speculation this week, with reports suggesting that the PIF may be poised to end its financial support, which is estimated to be approaching $5 billion since the series' inception. O'Neil's comments were made in response to questions from TNT Sports regarding comments from Sergio Garcia, a LIV team captain, who alluded to funding being in place until 2030.
O'Neil emphasized that the organization has commitments in place to ensure its continued operation and that it is working diligently to create a sustainable business plan. Earlier in the week, O'Neil informed LIV staff that the current season would proceed as planned, without interruption. The PIF has not commented on the matter, and no official decision has been made regarding the league's funding.
Reports emerged after the PIF announced its four-year strategy, with governor Yasir Al Rumayyan stating that some investments were being reviewed due to economic feasibility and the Middle East conflict. Some LIV Golf players have expressed confusion and concern over the reports, but Ryder Cup star Jon Rahm stated that he is 'not too worried' about the league's future, citing his focus on preparing for tournaments.