LIV Golf's CEO, Scott O'Neil, has alleviated concerns regarding the series' funding, stating that it is 'funded through the season' and that the organization will 'work tirelessly' to ensure its continuation, despite rumors surrounding the potential withdrawal of financial support from its Saudi backers. The breakaway golf league, which is backed by Saudi Arabia's Public Investment Fund (PIF), has been at the center of speculation this week, with reports suggesting that the PIF may be on the verge of ending its funding, which is estimated to be around $5 billion since the series' inception in 2021. O'Neil's comments came in response to questions from TNT Sports regarding comments made by Sergio Garcia, a LIV team captain, who alluded to funding being in place until 2030. O'Neil downplayed the concerns, stating that the organization has commitments in place to ensure its continuation and that it is working to create a sustainable business plan.
The PIF has not commented on the matter, while LIV Golf players, including Jon Rahm, have expressed confidence in the series' future, with Rahm stating that he is 'not too worried' about the rumors.