LIV Golf seeks investors after Saudi PIF funding withdrawal
Updated
Updated · ESPN · May 5
LIV Golf seeks investors after Saudi PIF funding withdrawal
11 articles · Updated · ESPN · May 5
At Trump National Golf Club in Virginia, CEO Scott O'Neil said about a dozen potential investors had called within 10 days, while Jon Rahm said he was surprised and remains under contract.
O'Neil said LIV is drafting a business plan, may sell stakes in teams and is reviewing costs, though he insisted the league will keep its team-golf model.
PIF has invested more than $5 billion since 2022 and over $6 billion by season's end; Rahm also settled his DP World Tour fines, restoring Ryder Cup eligibility.
Jon Rahm is committed, but can LIV's new CEO find investors to maintain its massive player contracts and purses?
Is the PIF's exit a death blow for LIV Golf, or a forced evolution toward a sustainable business model?