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Josh Ball

LIV Golf’s plan for its post-PIF future includes player equity, a scaled-back league of just 10 events, and a model seeking up to US$350 million in new investment.
The league’s banker, Ducera Partners, was expected to begin formally presenting a business plan to potential backers on Thursday, sources close to the move told the South China Morning Post.
Reports had swirled in recent days that with Saudi Arabia’s Private Investment Fund pulling its support at the end of the year, LIV was laying the groundwork to file for bankruptcy in the US.
However, a source with knowledge of the league’s plans denied that had ever been the case and claimed there was “significant inbound interest that had only grown in recent days”.
Any plan would need the backing and continued participation of the likes of Jon Rahm and Bryson DeChambeau, and a source said there had been “positive feedback” from players and team officials as next steps were discussed over the course of the past week.

Rahm, the Legion XIII captain, said before LIV Golf Virginia last month that it was not “about one person agreeing or not”.
“I do believe that for the business plan to change, whatever they’re coming up with, there will need to be some concessions on our part.”
Still, quite what a 10-event season looks like remains to be seen; although with 14 tournaments on the schedule this year, including one at Hong Kong Golf Club, some will inevitably be dropped.
The presentation to be shown to investors, part of which the SCMP has seen, splits the new-look schedule into “five team majors and five signature events”.
A map hints at three events in North and South America, two in Europe, one in Africa, three in Asia and one in Australia.
With more than 100,000 fans turning out in Johannesburg and Adelaide, both those tournaments would seem safe, as would Hong Kong, given it is backed by HSBC, one of LIV’s more prominent supporters.
There also remains the matter of prize money, which for the 2026 season is US$30 million at every tournament, and the large contracts signed by the likes of Rahm, which was reportedly for between US$300 million and US$500 million. DeChambeau’s US$125 million deal expires at the end of this season.
Estimates place PIF’s total investment in LIV Golf since its launch in 2022 at US$5.3 billion, and filling that void will be something of a challenge for O’Neil and Ducera.
“LIV Golf is firmly focused on securing a transaction that positions the organisation for the long term,” the league said in a statement.
“In the coming days, we will be sharing the framework of our commercially rigorous, go-forward business plan with prospective capital partners.”


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LIV Golf

Player equity, fewer events at heart of LIV Golf plan for post-PIF future

LIV Golf will need buy-in from the likes of Jon Rahm if the league is to survive long term. Photo: AFP

LIV Golf CEO Scott O’Neil at LIV Golf Virginia. Photo: AFP

Jon Rahm doesn’t see ‘many ways out’ of lucrative multi-year LIV Golf contract

Jon Rahm (right) won the LIV Golf Mexico City event at Club de Golf Chapultepec in April. Photo: AP

Jon Rahm celebrates with the LIV Golf Mexico City trophy in April. Photo: Reuters

LIV Golf CEO Scott O’Neil is looking for new backers after PIF pulled its funding. Photo: AP 

LIV Golf maps out future without Saudi funding, eyes ‘multi-partner’ investment model

LIV Golf will enter a new phase now that its Saudi Arabia backers are withdrawing support after the end of the 2026 season. Photo: Reuters

Yasir Al-Rumayyan (right), who launched LIV Golf with Greg Norman, is reportedly stepping down as LIV Chairman. Photo: AP

Sport

Golf

League’s investment bankers will begin formally presenting plan to potential backers on Thursday, sources say


League’s investment bankers will begin formally presenting plan to potential backers on Thursday, sources say.


Bryson DeChambeau

Jon Rahm

Player equity, fewer events at heart of LIV Golf plan for post-PIF future

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}League’s investment bankers will begin formally presenting plan to potential backers on Thursday, sources say

League’s investment bankers will begin formally presenting plan to potential backers on Thursday, sources say