{"id":2074,"date":"2026-08-05T17:30:08","date_gmt":"2026-08-05T17:30:08","guid":{"rendered":"https:\/\/www.asianewscast.com\/?p=2074"},"modified":"2026-08-05T17:30:08","modified_gmt":"2026-08-05T17:30:08","slug":"liv-golf-secures-lead-investor-for-player-driven-future-after-saudi-exit","status":"publish","type":"post","link":"https:\/\/www.asianewscast.com\/?p=2074","title":{"rendered":"LIV Golf secures \u2018lead\u2019 investor for player-driven future after Saudi exit"},"content":{"rendered":"<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__divider\">\n<div class=\"listen-to-article\"><button class=\"listen-to-article__button\" data-testid=\"listen-to-article-button\"><title>Listen<\/title>Listen (2 mins)<\/button><\/div>\n<div class=\"rich-share__update-reading-list-wrapper\">\n<div class=\"update-reading-list\">\n<p class=\"update-reading-list__button-text\">Save<\/p>\n<\/div>\n<div><\/div>\n<\/div>\n<div class=\"rich-share__wrapper\">\n<div 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href=\"https:\/\/twitter.com\/intent\/tweet?text=LIV%20Golf%20secures%20%E2%80%98lead%E2%80%99%20investor%20for%20player-driven%20future%20after%20Saudi%20exit&amp;source=sharethiscom&amp;related=sharethis&amp;via=AJEnglish&amp;url=https%3A%2F%2Faje.news%2Fc8pncp\"><title>x<\/title><\/a><a class=\"rich-share__social-link row u-hidden--desktop\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Share on Whatsapp\" href=\"\/\/send?text=https%3A%2F%2Faje.news%2Fc8pncp\"><title>whatsapp-stroke<\/title><\/a><a class=\"rich-share__social-link row copylink\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Copy link\" href=\"https:\/\/aje.news\/c8pncp\"><title>copylink<\/title><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"google-preferred-source\"><button class=\"google-preferred-source__button\" aria-label=\"Add Al Jazeera on Google\" data-testid=\"google-preferred-source-button\"><title>google<\/title><span class=\"google-preferred-source__text\">Add Al Jazeera on Google<\/span><\/button><button aria-label=\"See more of Al Jazeera\u2019s trusted journalism by adding us as a preferred source on Google.\" class=\"tooltip-accessible_trigger\"><title>info<\/title><\/button><\/div>\n<\/div>\n<div class=\"article-featured__media\">\n<figure class=\"article-featured-image\">\n<div class=\"responsive-image\"><img decoding=\"async\" loading=\"eager\" src=\"\/wp-content\/uploads\/2026\/08\/2026-04-19T230804Z_1844671042_UP1EM4J1S9EFI_RTRMADP_3_GOLF-LIV-MEXICO-1785947791.jpg?resize=770%2C513&amp;quality=80\" alt=\"LIV Golf CEO Scott O&apos;Neil at the course during the fourth round in Mexico in April\"><\/div><figcaption>LIV Golf CEO Scott O&#8217;Neil at a tournament in Mexico City on April 19, 2026 [Eloisa Sanchez\/Reuters]<\/figcaption><\/figure>\n<\/div>\n<div class=\"article-info m--t-20 m--desktop-b-30 m--b-mobile-20\">\n<div class=\"byline byline--no-avatars\">\n<div class=\"byline-content\">\n<div class=\"contributors-list contributors-list--byline\"><span class=\"contributors-list__by-prefix\">By <\/span>Reuters<\/div>\n<\/div>\n<\/div>\n<div class=\"article-dates\">\n<div class=\"date-simple\"><span class=\"screen-reader-text\">Published On 5 Aug 2026<\/span><span aria-hidden=\"true\">5 Aug 2026<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"wysiwyg wysiwyg--all-content\" aria-live=\"polite\">\n<p>LIV Golf has secured a \u201clead investor\u201d \u200cto keep the lights on, and the league will move forward with \u2060players becoming majority \u2060equity holders, CEO Scott O\u2019Neil has announced.<\/p>\n<p>A signed agreement is in place with the unnamed investor and has been approved by the LIV Golf board, \u2060O\u2019Neil said on Wednesday.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><\/p>\n<ul class=\"more-on__list\">\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 1 of 4<\/span><a class=\"more-on__link\" href=\"\/sports\/2026\/8\/5\/fifas-infantino-set-for-crunch-meeting-after-world-cup-selloff-crisis\">FIFA\u2019s Infantino set for crunch meeting after World Cup selloff crisis<\/a><\/li>\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 2 of 4<\/span><a class=\"more-on__link\" href=\"\/sports\/2026\/8\/4\/uefas-threatened-legal-action-against-infantino-and-fifa-what-we-know\">UEFA\u2019s threatened legal action against Infantino and FIFA: What we know<\/a><\/li>\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 3 of 4<\/span><a class=\"more-on__link\" href=\"\/sports\/2026\/8\/4\/ex-arsenal-boss-wenger-was-not-aware-of-infantinos-fifa-plan\">Ex-Arsenal boss Wenger was \u2018not aware\u2019 of Infantino\u2019s FIFA plan<\/a><\/li>\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 4 of 4<\/span><a class=\"more-on__link\" href=\"\/sports\/2026\/8\/4\/uefa-confirm-legal-letter-served-to-fifa-after-infantino-world-cup-plan\">UEFA confirms legal letter served to FIFA after Infantino\u2019s World Cup plan<\/a><\/li>\n<\/ul>\n<p><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>The transaction is expected to close in September. No details on the amount of the capital infusion were announced.<\/p>\n<p>Multiple reports said LIV Golf will return next \u2060season with 10 events \u2013 five international and five in the United States.<\/p>\n<p>Dark clouds have been looming over the PGA Tour and DP World Tour rival since Saudi Arabia\u2019s Public Investment Fund (PIF) announced in April that it would stop funding the league at the end of \u200c2026. The PIF sank a reported $5bn into the project since it launched in 2022.<\/p>\n<p>LIV Golf cancelled its New Orleans event in June and reportedly has nixed its season-ending team championship, scheduled to be held this month in Michigan. At least one report said the league was considering filing for Chapter 11 bankruptcy protection.<\/p>\n<p>On Wednesday, O\u2019Neil said the new agreement will \u201cplay a key role in supporting \u2060the path forward for the league\u2019s next era, driven by \u2060and for the players\u201d.<\/p>\n<p>\u201cWe\u2019re also seeing strong interest from more than a dozen additional parties to potentially serve as minority investors, creating a multipartner model built for long-term stability and growth,\u201d he continued.<\/p>\n<p>\u201cNotably, our next chapter will \u2060make our players the majority equity holders in LIV Golf, a first for a major global sports league, and gives \u2060the league the foundation to keep growing the game \u2060worldwide.<\/p>\n<div class=\"container--ads in-article-ads\">\n<div class=\"ads\"><span class=\"ads__title\"> Advertisement <\/span><\/div>\n<\/div>\n<p>\u201cWe anticipate finalising terms in the coming weeks with the goal of entering a transaction in September.<\/p>\n<p>\u201cIn the meantime, our focus is on delivering a great week for fans and players at [Trump National Golf Club] Bedminster and finishing \u200cthe 2026 season strong.\u201d<\/p>\n<p>No details on the framework for the players\u2019 proposed equity stakes were provided.<\/p>\n<p>Ever since the PIF pulled the financial plug, LIV Golf has been \u200cin \u200cthe market for investments from $250m to $350m, according to Sportico.<\/p>\n<p>LIV Golf returns to action with its New York tournament this weekend, beginning on Thursday at US President Donald Trump\u2019s golf club in Bedminster, New Jersey.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ListenListen (2 mins) Save Click here to share on social media share-nodes Share facebookxwhatsapp-strokecopylink googleAdd Al Jazeera on Googleinfo LIV Golf CEO Scott O&#8217;Neil at a tournament in Mexico City on April 19, 2026 [Eloisa Sanchez\/Reuters] By Reuters Published On 5 Aug 20265 Aug 2026 LIV Golf has secured a \u201clead investor\u201d \u200cto keep the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2074","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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