LIV Golf has reportedly secured written agreements from new investors for up to $250m to keep the league afloat in 2027.
LIV Golf are reportedly on the brink of landing new investors to keep the league afloat in 2027.
The New York Post are reporting that LIV has received multiple written commitments from blue-chip investment firms for up to $250m.
They will serve as “anchor investors to support the league going forward”, according to the report.
There are also additional interested parties looking to participate alongside the anchor investors.
High-level meetings are scheduled to take place next week ahead of LIV’s event at Trump Bedminster in New Jersey, with a deal expected to be finalised in September.
LIV Golf have not commented on the report by The Post.
The league has been searching for new investors since Saudi Arabia’s Public Investment Fund (PIF) announced in April that it would no longer bankroll the venture.
Rumours emerged ahead of LIV’s stop in Mexico that the PIF had initially planned to pull the plug entirely and wrap up the season early.
The PIF then confirmed that it would fund the league for the remainder of the season.
The Money in Sport newsletter have reported the PIF have continued to fund the league, but only through loans.
It is estimated that the PIF have invested at least $5bn on LIV since its launch in June 2022.
LIV Golf’s CEO Scott O’Neil
The spending includes signing bonuses for players, tournament prize funds, operating costs and capital injections.
Major champions Phil Mickelson, Dustin Johnson, Bryson DeChambeau, Cameron Smith, Patrick Reed, Brooks Koepka and Jon Rahm were among those to leave the PGA Tour for LIV.
Mickelson previously confirmed his contract was worth at least $200m, while Rahm is understood to have commanded the largest signing bonus.
A spokesperson for the PIF previously stated the substantial investment to fund LIV was no longer consistent with the current phase of their investment strategy.
“LIV Golf has substantially grown the game globally through its transformational and positive impact. It has forever changed the game of golf for the better,” the spokesperson said.
“PIF remains committed to deploying capital internationally in line with its investment strategy, including its substantial current and future investments in various sports.”
The report from The Post comes amid rumours LIV were on the verge of cancelling its $40m team championship in Michigan.
Just last week, two-time major champion Martin Kaymer told Today’s Golfer that the season finale had a five percent chance of going ahead.
Kaymer expressed optimism that LIV had a future, though.
“I think there’s a lot of interest and it’s looking good,” he said.
“But we’ve all been there. If the signature is not there, then it doesn’t mean anything,” added the German.
“If those investors decide to pull out then we don’t play next year on LIV Golf.
“And if they decide to do it, then we have a chance.”
Rumours of LIV Golf’s demise began in April
Elsewhere, LIV Golf’s CEO, Scott O’Neil, reportedly emailed players on Wednesday expressing optimism about their future, according to FlushingIt.
The email stated: “On the investor front, I remain encouraged by ongoing discussions with potential investors, and we continue to work diligently toward and investment that supports LIV 2.0.
“I don’t have any major milestone to share today, but the process is moving with strong momentum, and we are laser-focused on reaching the finish line.
“These are complex discussions that take time. We need to move efficiently, but with just as much care and precision.
“That said, we’ve also begun the work of planning responsibly for 2027.”
Scott O’Neil expects to a big update on LIV’s future in August
In went on: “That means building a competitive calendar around our highest-priority markets, developing a more sustainable event and operating model, prioritizing the commercial opportunities with the greatest potential to drive long-term value, and continuing to deliver a premium experience for our players, partners, and fans.
“Leaders across the business are already at the table on this, and you’ll see them pull your teams in as this work continues.
“We expect to share details more broadly this August.
“In the meantime, let’s continue to stay focused on delivering at Bedminster next week and planning for the individual and team championships as we complete a successful 2026 season.”