LIV Golf's CEO, Scott O'Neil, has alleviated concerns about the series' financial stability, stating that it is 'funded through the season' and that they will 'work tirelessly' to ensure its continuation. This comes amid rumors that the Saudi Arabian Public Investment Fund (PIF), which funds the breakaway golf league, may withdraw its financial support.
The speculation has been fueled by reports that the PIF is reassessing its investments, with some valuing LIV Golf's funding at approximately $5 billion since its inception in 2021. O'Neil's comments follow statements made by Sergio Garcia, a LIV team captain, who hinted that funding is secure until 2030.
However, O'Neil emphasized that the league's financial situation is similar to that of any private equity-funded business, with a focus on creating a sustainable business plan. The PIF has not commented on the matter, and no official decision has been made regarding the league's funding. Meanwhile, LIV Golf players, including Jon Rahm, have expressed confidence in the league's future, with Rahm stating that he is 'not too worried' about the speculation.