The future of LIV Golf has been uncertain since news surfaced that Saudi Arabia's Public Investment Fund would cease funding the league after this season. Now, a potential path forward is being reported.
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According to Axios, LIV Golf CEO Scott O'Neil seeks to raise up to $250 million from new investors. The belief is that this would take the league to profitability in 20 months. Another option is raising $150 million and then seek more money through rising team values and a new media deal.
Axios reports that LIV Golf's new board members and restructuring firm Alix Partners have reviewed the fundraising plan. Additionally, O'Neil will share this plan with its players. This includes Jon Rahm and Bryson DeChambeau.
The golf league, which began in 2022 as a rival to the PGA Tour, has featured Saudi Arabia's Public Investment Fund as its main backer. The PIF has reportedly provided $5 billion over the few years, a significant portion of which has gone to pay player contracts.
If the league does not raise the funds it seeks by the end of the season, a possibility remains that it will file bankruptcy in the United States.
"LIV Golf is firmly focused on securing a transaction that positions the organization for the long-term," a LIV Golf spokesperson said, per ESPN.
"As we begin presenting our go-forward business plan to prospective capital partners, we are focused on achieving a sustainable future and there are multiple pathways under active exploration.
"We continue to see great momentum on the course and with support through the 2026 season and a clear plan to raise capital, leadership is focused on identifying the right long-term strategic partners who believe in our mission to grow the game of golf worldwide.
"These conversations are just getting underway, and as they progress, the company expects to gain further clarity around the structure and timing of a potential transaction."
