LIV Golf has already spent more than $5 billion in Saudi funding since it launched in 2022. Now, the league has until early October to find new investors. If it cannot raise more money, its future could become uncertain, even though it started with strong financial support.

Axios reported on May 18 that LIV Golf is looking to raise $250 million from new private investors after Saudi Arabia's Public Investment Fund confirmed it will pull its backing at the end of the 2026 season.

The PIF, which currently owns almost all of LIV and around 75% of each team, said the "substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF's investment strategy."

LIV CEO Scott O'Neil had already hinted this was coming. "The reality is you're funded through the season, and then you work like crazy as a business to create a business plan to keep us going," O'Neil said in a since-deleted broadcast interview from a LIV event in Mexico City earlier this year.

"But that's not different from any other private equity-funded business in the history of mankind."

This is the message LIV Golf is now sharing with potential investors. According to Axios, if LIV raises the full $250 million, the league could become profitable in about 20 months.

If LIV cannot raise the full amount, it may accept at least $150 million instead. Then, the league would rely on higher team values and a new media rights deal to help cover the remaining financial gap.

Investment bank Ducera Partners is leading LIV Golf’s fundraising efforts. The plan has also been reviewed by LIV’s two new board members and AlixPartners, a firm brought in to help plan the league’s future.

Rahm and DeChambeau's LIV Golf Future Hangs on a $250 Million Deadline

LIV also planned to update its players this week about the fundraising process, including LIV golfers Jon Rahm and Bryson DeChambeau.

Both players are important to LIV’s plans. Bryson DeChambeau's current contract ends after the 2026 season, and his future with LIV may depend on whether the league gets new funding.

For now, LIV is still using Saudi funding, but that money will not last forever. If the league does not get a new deal by October, it may need short-term funding to continue running.

LIV’s international business lost nearly $600 million in 2024. However, the league says it could earn about $100 million more in 2026 compared to the previous year.

New deals with Rolex, HSBC, and Salesforce have helped LIV Golf look stronger financially. But the main question is whether this growth can bring in new investors.

If LIV can raise $250 million by October, both players will likely stay. But if the league cannot get the money, their future with LIV may become unclear, and the chances they once turned down may not come back.

Can LIV Golf raise $250 million and keep going, or could the league shut down by 2027? Share your thoughts in the comments below.

Read more at Club Golf!

Written by

Sneha Abraham

Edited by

Suyashdeep Sason