LIV Golf CEO Scott O'Neil has moved to alleviate concerns about the league's financial future, stating that the 2026 season will continue as planned without interruption. This comes after a day of reports suggesting that Saudi Arabia's sovereign wealth fund may be reconsidering its financial backing of the league. The memo from O'Neil to his staff emphasized that the season will proceed 'at full throttle,' despite speculation in the media.
The situation has caused confusion among players, who are seeking reassurances about the league's future. The Public Investment Fund, which bankrolls LIV Golf, has announced a new five-year investment strategy, but the details of its plans for the league remain unclear.
LIV Golf has already spent $5.3 billion and is projected to surpass $6 billion by the end of the year. The league has faced significant challenges since its launch in 2022, including the loss of notable players such as Brooks Koepka and Patrick Reed. Despite these challenges, O'Neil remains optimistic about the league's future, stating that it will continue to 'disrupt the status quo' and provide a compelling show for fans.