LIV Golf CEO Scott O'Neil has alleviated concerns about the series' funding, stating that it is 'funded through the season' and that the organization will 'work tirelessly' to ensure its continuation, despite rumors suggesting that Saudi Arabian backers may withdraw their financial support. The breakaway golf league, backed by Saudi Arabia's Public Investment Fund (PIF), has been at the center of speculation this week, with reports indicating that the PIF may be on the verge of ending its backing, which has totaled approximately $5 billion since the series' inception in 2021.
O'Neil's comments came in response to questions about statements made by LIV team captain Sergio Garcia, who alluded to funding being in place until 2030. O'Neil downplayed the concerns, stating that the series has commitments in place to ensure its continuation and that it is not unusual for private equity-funded businesses to operate in this manner. The PIF has not commented on the matter, and O'Neil's comments were made after reports emerged of an 'emergency meeting' in New York, where LIV Golf executives were allegedly summoned to discuss the league's future.
Despite the uncertainty, LIV Golf players, including Jon Rahm, have expressed confidence in the series' ability to continue, with Rahm stating that he is 'not too worried' about the league's future.