Despite reports of potential financial cutbacks, LIV Golf CEO Scott O'Neil has assured staff that the 2026 season will continue as planned without interruption. In a memo, O'Neil stated that the league will move forward 'at full throttle,' dismissing speculation about the league's financial future.
The memo came after a day of reports suggesting Saudi Arabia's sovereign wealth fund might be reconsidering its financial backing of the upstart league. LIV Golf has already spent $5.3 billion and is projected to surpass $6 billion by the end of the year. The league's funding and long-term viability have been questioned, especially with the recent departure of notable players like Brooks Koepka and Patrick Reed. However, O'Neil remains optimistic, citing the league's growth and influence.
The situation is being closely watched by players, with some seeking reassurances about the league's future. LIV Golf has promoted its upcoming event in Mexico, with players like Sergio Garcia expressing support for the league. The league's future remains uncertain, but O'Neil's memo aims to quell speculation and reassure stakeholders that LIV Golf is committed to its mission.