LIV Golf faces funding uncertainty as Saudi PIF may cut support

LIV Golf chief executive Scott O’Neil told CNBC that the league will continue operating on the basis that Saudi Arabia’s Public Investment Fund (PIF) keeps its promise to fund the remainder of the 2026 season, but he declined to guarantee that the four remaining tournaments will go ahead. He said, “They’ve been terrific partners so far, and you have to take an incredible organization like PIF at their word.”

The Saudi fund has indicated it could withdraw its backing earlier than previously announced, prompting LIV Golf to urgently seek new investors worth roughly $250‑350 million for a “LIV 2.0” plan. O’Neil stressed the league’s “incredible business momentum” but warned that “time is short” as it looks for fresh capital. The next event is slated for the UK in late July, followed by three other tournaments in England, New Jersey, Indianapolis and Michigan later in the summer. The funding scramble follows earlier reports that PIF will end its financial support after this season.

Swedish reports echoed the same concerns, noting O’Neil’s refusal to guarantee the remaining events and the league’s push to attract new backers while highlighting the presence of star players such as Jon Rahm and emerging talents.