LIV Golf CEO Scott O’Neil didn’t give a direct answer when asked if he could confirm all the remaining LIV Golf events for the season as the Saudi-backed circuit faces a shutdown
LIV Golf CEO Scott O’Neil gave a weak response when asked if he can guarantee the remaining scheduled tournaments will take place.
LIV Golf is facing the serious possibility of shutdown after the PIF pulled funding following the 2026 season. O’Neil reportedly is seeking $250 million from potential new investors, with a planned profitability timeline of just two years, but the league’s immediate future remains in peril.
The New Orleans event has already been erased from the calendar with no new date announced, and the league’s next event isn’t until the end of July in the United Kingdom. Following the event across the pond, the worldwide tour is supposed to return to the United States, playing in New Jersey, Indianapolis, and Michigan.
Asked by CNBC if he could guarantee all those events will happen, O’Neil gave a non-answer.
“Well, I can say they’ve been terrific partners so far. And you have to take an incredible organization like PIF after word, and they’ve been very public about funding us through the season,” O’Neil said. “So we are full steam ahead.
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“The players are locked in, the management team is locked in, and with advisors like Alex Partners and Gibson Dunn and our new board members, Gene Davis and John Zimmon, to Sarah’s, our lead bank. We’re pretty excited about where we are.”
“What I can guarantee is a heck of a return if you come invest in this business.”
The line of questioning came after a Front Office Sports report saying the entire calendar could fall apart.
“Every remaining tournament is on the fence,” a high-ranking executive at one of LIV’s major league-level partners told Front Office Sports.
“I truly don’t think anyone knows,” the executive said. “LIV Golf doesn’t know if or when the PIF will shut off the spigot.”
It is reported that Saudi Arabia’s Public Investment Fund has pumped over $5 billion into the circuit since its launch, but it has since announced that 2026 would be their last season of secured funds.
“We continue to see strong momentum both on and off the course,” O’Neil said in a statement to FOS. “We’ve begun sharing our business plan with prospective partners who recognize the opportunity in team golf on a global scale.”