LIV Golf CEO Scott O'Neil has moved to dispel rumors surrounding the league's financial future, stating that the 2026 season will continue as planned without interruption. In a memo to staff, O'Neil emphasized that the season will proceed 'at full throttle,' despite reports suggesting that Saudi Arabia's sovereign wealth fund may be reconsidering its financial backing of the league.
The memo follows a day of speculation, including a report by The Daily Telegraph that LIV Golf executives had been summoned to an emergency meeting in New York. The Financial Times also reported that Saudi Arabia's Public Investment Fund (PIF) was on the verge of cutting its support for LIV Golf, although no final decision had been made.
The league has already spent $5.3 billion and is projected to surpass $6 billion by the end of the year, according to the newsletter Money in Sport. Despite the uncertainty, O'Neil remains optimistic, stating that the league will continue to push forward and put on 'the most compelling show in sports.' The future of LIV Golf remains uncertain, with questions surrounding the longevity of its funding. The league has faced significant challenges since its launch in 2022, including the loss of notable players such as Brooks Koepka and Patrick Reed.
However, O'Neil remains committed to the league's mission, stating that 'we are pioneers, and while the road isn't always smooth, the destination is worth every mile.'