LIV Golf's CEO, Scott O'Neil, has moved to alleviate concerns over the series' funding, stating that it is secure for the current season and that the organization will work diligently to ensure its continuation. The comments come amid speculation that Saudi Arabia's Public Investment Fund, which backs the breakaway golf league, may withdraw its financial support.
The PIF's potential decision to end its backing has sparked uncertainty, with reports suggesting that the investment could be as high as $5 billion since the series' inception in 2021. O'Neil played down fears, emphasizing that the series is committed to its business plan and will continue to operate as planned.
Earlier in the week, O'Neil assured LIV staff that the season would proceed without interruption, despite reports of an 'emergency meeting' in New York. The PIF has not commented on the matter, but its governor, Yasir Al Rumayyan, has stated that some investments are being reviewed due to economic feasibility and the Middle East conflict.
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. The series has continued to operate as usual, with the latest event in Mexico City proceeding without major issues.