LIV Golf CEO Scott O'Neil has alleviated concerns over 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 Saudi Arabia's Public Investment Fund (PIF), which backs the breakaway golf league, may withdraw its financial support.
The PIF has invested a reported $5 billion since the series' inception in 2021. O'Neil emphasized that the league's funding is in place for the season and that it will operate like any other private equity-funded business to create a sustainable business plan. His comments follow reports that LIV Golf executives were summoned to an emergency meeting in New York, sparking fears about the league's future.
However, O'Neil has reassured staff that the season will proceed as planned, and players like Jon Rahm have expressed minimal concern over the speculation.