LIV Golf CEO Scott O'Neil has expressed confidence in Saudi Arabia's Public Investment Fund (PIF) to fulfill its financial commitments despite growing uncertainty. O'Neil told CNBC that PIF has been a 'terrific partner' and that the organization is 'full steam ahead' with the remainder of the season. However, PIF is set to pull its funding at the end of 2026, and recent reports suggest the fund may withdraw earlier than planned, raising doubts about the league's ability to complete its current schedule.
O'Neil acknowledged the financial challenges but emphasized that the organization is actively seeking new investors. He stated that 18 meetings are planned this week to discuss potential funding, with five formal meetings already held. The league is aiming to raise up to $350 million to ensure its sustainability. Despite the uncertainty, O'Neil guaranteed a 'heck of a return' for investors and stressed the need for 'disciplined and value-creative' financial management.
The league's future remains uncertain as reports suggest that even the remaining four tournaments of the season could be at risk. A high-ranking executive from a major LIV Golf partner told Front Office Sports that 'every remaining tournament is on the fence.' O'Neil, however, maintained that players, management, and advisors are 'locked in' and that the organization is committed to completing the season as scheduled.