LIV Golf has announced a new organizational structure that will make the tour's players "majority equity holders," CEO Scott O'Neil says, and will create "a multi-partner model built for long-term stability and growth."
O'Neil made the announcement on Wednesday, Aug. 5, from Trump National Bedminster in New Jersey, the site of this week's LIV tournament.
"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.
"Notably, our next chapter will make our players the majority equity holders in LIV Golf, a first for a major global sports league,
and gives the League the foundation to keep growing the game worldwide."
O'Neil said he anticipates finalizing terms in the coming weeks, with the goal of making a more formal announcement in September.
The 2027 LIV schedule will feature just 10 events, instead of 14, with five taking place U.S. and five international.
With three tournaments remaining in the 2026 season and the tour's future uncertain, Bryson DeChambeau led a players-only meeting on Tuesday, Aug. 4.
The meeting came after the league's team captains met with O'Neil, according to a report by The Athletic.
Saudi Arabia's Public Investment Fund, which has reportedly spent more than $5 billion founding and operating LIV Golf, announced in April that it would not continue funding the tour following the 2026 season as part of a strategic shift, leaving LIV officials to find an alternative source of funding.
Can LIV Golf players return to the PGA Tour?
Yes, but the circumstances and initial status awarded by the PGA Tour will depend on the golfer, and on what terms they left the PGA Tour.
Brian Rolapp, the PGA Tour's new CEO, indicated in his most recent public comments he was open to allowing more golfers who defected to LIV Golf to return to the PGA Tour if it made the PGA Tour stronger. But Rolapp emphasized it was not one of the PGA Tour's priorities as it eyes a revamped schedule beginning next year.
Contributing: Mark Giannotto
This article originally appeared on USA TODAY: LIV Golf to make players 'majority equity holders' as league moves ahead
