LIV Golf CEO Scott O'Neil has alleviated concerns regarding the series' funding, stating that it is secure for the current season and that the organization will work diligently to ensure its continuation. This comes amid speculation that the Saudi Arabian Public Investment Fund (PIF), which backs the breakaway golf league, may withdraw its financial support.
The PIF has invested a reported $5 billion in the series since its inception in 2021. O'Neil's comments were in response to rumors and a statement from LIV team captain Sergio Garcia, who mentioned that funding was in place until 2030. O'Neil emphasized that the series is committed to being a going concern and that its funding model is similar to other private equity-funded businesses. Earlier, O'Neil informed LIV staff that the current season would proceed as planned, without mentioning anything beyond this season.
The PIF has not commented on the matter, but its governor, Yasir Al Rumayyan, recently stated that some deals and investments are being reviewed due to economic feasibility and the Middle East conflict. LIV Golf players, including Jon Rahm, have expressed that they are not overly concerned about the series' future, with Rahm stating that he was focused on preparing for the tournament and not worrying about rumors.