LIV golf has had an interesting existence. The rogue golf league burst onto the scene five years ago, luring star golfers away from the PGA Tour with huge sums of guaranteed money. LIV remained defiant throughout its existence, but earlier this year it seemed the ride might be coming to an end when Saudi Arabia's Public Investment Fund announced it was walking away.
At the time, LIV Golf CEO Scott O'Neil insisted the organization was funded through 2026. He even sent an e-mail to staff saying the season would go on "exactly as planned, uninterrupted and at full throttle."
MORE: Bryson DeChambeau makes $500 million demand as LIV Golf scrambles for viewers
Two weeks later LIV "postponed" an event scheduled for the end of June in Louisiana. This only raised more questions about whether the league really was actually funded. Luckily, in early August O'Neil announced that LIV had found new funding. Via ESPN:
"LIV Golf has an agreement in place with a lead investor, signed by the investor and approved by the board, to anchor the transaction and play a key role in supporting the path forward for the league's next era, driven by and for the players," O'Neil said in a statement. "We're also seeing strong interest from more than a dozen additional parties to potentially serve as minority investors, creating a multi-partner model built for long-term stability and growth."

#golf #funded #tour