LIV Golf CEO Scott O'Neil has alleviated concerns surrounding the series' funding, stating that it is financially secure for the remainder of the season and that the organization will work diligently to ensure its continuation. The breakaway golf league, backed by Saudi Arabia's Public Investment Fund (PIF), has been at the center of speculation regarding its financial future, with reports suggesting that the PIF may withdraw its support. The league, which was launched in 2021 as a rival to the PGA Tour and DP World Tour, has reportedly received nearly $5 billion in funding since its inception. O'Neil's comments came in response to statements made by LIV team captain Sergio Garcia, who alluded to funding being in place until 2030.
O'Neil emphasized that the series is committed to its current season and will work tirelessly to establish a solid business plan to secure its future. He also noted that this approach is consistent with the standard practices of private equity-funded businesses.
Earlier in the week, O'Neil informed LIV staff that the current season would proceed as planned, without interruption. The PIF has not commented on the matter. The reports of potential funding withdrawal emerged after the PIF announced its four-year strategy, which includes reviewing certain deals and investments due to economic feasibility and the ongoing conflict in the Middle East.
Some LIV Golf players, including Ryder Cup star Jon Rahm, have expressed that they are not overly concerned about the league's future, with Rahm stating that he was focused on preparing for the tournament and not worried about speculation.