LIV Golf CEO Scott O'Neil has moved to alleviate 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 Saudi Arabia's Public Investment Fund (PIF), which backs the breakaway golf league, may withdraw its financial support. The league, which was launched in 2021 as a rival to the PGA Tour and DP World Tour, has been the subject of rumors suggesting that the PIF is set to end its backing, with reported funding of $5bn (£3.7bn) since its 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 downplayed fears, stating that the organization has commitments in place to ensure its continuation and that it is working to create a sustainable business plan. The PIF has not commented on the matter, while LIV Golf executives have reportedly been summoned to an 'emergency meeting' in New York, with some players seeking reassurance about the league's future.
Jon Rahm, a Ryder Cup star, expressed that he is 'not too worried' about LIV's future, stating that he was focused on preparing for the tournament and that he would wait for official confirmation before worrying about the rumors.