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LIV Golf CEO Scott O’Neil confirmed reports that Saudi Arabia’s Public Investment Fund will stop giving money to the golf league after this season.
However, O’Neil told TNT Sports that he has a “plan” that “might surprise some people.”
“The reality is that you receive funding all season long and then you work like crazy as a business to create a business and a business plan that keeps us going. But that’s no different than any other private equity-funded business in the history of man,” O’Neil said ahead of the golf circuit’s next event in Mexico City on Thursday.
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Scott O’Neil attends a press conference in Johannesburg to announce the return of LIV Golf in 2027 on March 22, 2026. (Johan Rynners/Getty Images)
Despite the uncertainty, O’Neil is taking the challenge head on.
“What I’m really excited about is how we’re moving forward. I talked about some structural changes, which are coming. You can ask about 50 people I met in Augusta, I put the plan in place. We have one, it might surprise some people…” he said.
“This notion of ‘Do you have to raise money?’ Probably. This is a business. But if we keep the trajectory where we are and the revenue growth, this will be a really good business for a long time.”
Sources told Pak Gazette that the Saudis will stop funding LIV after the 2026 season. The Financial Times was the first to report the news.
O’Neil wrote a memo to LIV employees obtained by Pak Gazette Digital that confirmed the season was going to run “exactly as planned, without interruptions and at full speed.”
Scott O’Neil during day four of LIV Golf South Africa at The Club at Steyn City in Johannesburg on March 22, 2026. (Johan Rynners/Getty Images)
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“While the media landscape is often filled with speculation, our reality is defined by the work we do on the grass. We head into the heart of our 2026 schedule with the full energy of an organization that is bigger, louder and more influential than ever,” O’Neil wrote.
“The life of a startup movement is often defined by these moments of pressure. We signed up for this because we believe in disrupting the status quo. We’ve faced headwinds since the jump, and we’ve responded each time with resilience and grace. Now, we respond by doing what we do best: delivering the most compelling spectacle in sports.”
“The noise you hear is simply the sound of a movement that is working. Accept it. We are pioneers, and although the path is not always easy, the destination is worth every mile,” he said. “Let’s go out and show the world why LIV Golf is the future of the game. It matters. You mattered. Now, let’s win.
“Largo LIV Golf”.
LIV began in 2022 and has produced two big winners: Brooks Koepka, who has since rejoined the PGA Tour, in the PGA Championship 2023, and DeChambeau at the 2024 US Open.
(L-R) Former United States President Donald Trump, His Excellency Yasir Al Rumayyan, Greg Norman, CEO and Commissioner of LIV Golf, and Majed Al Sorour, CEO of the Saudi Golf Federation, are seen on stage during day three of the LIV Golf Invitational – Bedminster at Trump National Golf Club Bedminster on July 31, 2022, in Bedminster, New Jersey. (Charles Labergé/LIV Golf)
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LIV Golf went from its 54-hole format, a tie for golfers defecting from the PGA Tour, to 72 starting this season. Patrick Reed is also ready to rejoin the PGA Tour.
