Jon Rahm, a key figure in LIV Golf, has downplayed concerns about the league's financial future, despite rumors surrounding its potential loss of funding from Saudi Arabia's Public Investment Fund. The speculation emerged after the fund unveiled a new five-year investment strategy that made no mention of LIV Golf. However, Rahm expressed his lack of worry, stating that he wouldn't dwell on the rumors until they were confirmed by those in charge.
His comments came after shooting a 65 in the LIV Mexico tournament, where he finished second behind Victor Perez. Rahm emphasized that his focus was on preparing for the tournament, rather than speculating about the league's future. The Daily Telegraph reported that LIV Golf executives had been summoned to an emergency meeting in New York, while the Financial Times stated that Saudi Arabia's Public Investment Fund was considering cutting its support for LIV Golf.
Despite these reports, LIV Golf CEO Scott O'Neil remains optimistic about the league's prospects, citing its revenue growth and sponsorship deals with major brands like Rolex and HSBC. O'Neil believes that LIV Golf can continue to evolve and grow, and that its existence is beneficial for the golfing world, providing more competition and opportunities for players and fans alike.
The league, which was launched in 2021 with the backing of Saudi Arabia's Public Investment Fund, has been a subject of controversy, with some of the biggest names in golf defecting to the breakaway tour. However, O'Neil is confident that LIV Golf can coexist with the PGA Tour and other established golfing organizations, and that its presence can help to grow the game globally.