LIV Golf is seeking between $250 million and $350 million in new investment to continue its operations after Saudi Arabia's Public Investment Fund (PIF) announced it will stop funding the league following the 2026 season, which ends in late August [1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11]. The PIF has spent over $5 billion supporting LIV Golf since its 2022 launch but decided in April 2026 that further investment no longer fits its strategy [2, 3, 4, 5, 6, 8, 9, 10, 11].
LIV Golf plans to reduce its tournament schedule from 14 events to about 10 events as part of its strategy to survive without PIF funding [4, 7, 8, 9, 11]. Each tournament purse remains around $30 million [4, 8, 9]. The league also intends to offer players equity stakes to better align incentives and attract new investors [4, 7, 8, 9, 11].
CEO Scott O’Neil is reportedly seeking roughly $250 million in additional capital to make the league profitable within two years [3, 6, 10]. He told one outlet it has been "a split between private equity, family office and then your traditional...high net worth" investors, adding, "We know where we’re going, and we’re just going to tighten the screws" [3]. LIV Golf posted 100% year-on-year revenue growth in 2026, according to previous league statements [2, 5, 6].
The league counts multiple top PGA Tour players such as Bryson DeChambeau, Jon Rahm, Phil Mickelson, Dustin Johnson, Brooks Koepka, and Patrick Reed among its contracted talent [4, 8, 9, 10, 11]. Rahm expressed optimism saying, "I have faith in the work that they're doing. I have faith that they're going to come up with a good plan" [4, 8, 9, 10].
LIV Golf has engaged investment bank Ducera Partners to advise and present a revised business plan to potential investors starting May 21, 2026 [4, 7, 8, 9, 11]. There are reports the league has laid groundwork for a possible U.S. bankruptcy filing if new funding is not secured, though there is disagreement with some sources denying any bankruptcy plan and citing growing investor interest [1, 2, 3, 5, 6, 7, 11].
LIV Golf is considering relocating its headquarters to the U.S. to take advantage of favorable bankruptcy laws and exploring long-term strategic partnerships [1, 3, 6, 10, 11]. The league has entities registered in the U.S., England, and Jersey [10]. A new independent board with restructuring veterans has also been established to guide the league’s future [11].
The Saudi PIF’s total investment in LIV Golf is expected to exceed $6 billion by the end of the 2026 season [10].
LIV Golf began formal presentations to investors today through Ducera Partners, aiming to secure the $250-$350 million needed to continue operations beyond this year [4, 7, 8, 9, 11].
