Soon after the news that LIV Golf was expected to officially announce the cancellation of the team championship in Michigan, marking the second LIV event to be canceled this season (LIV officials had not responded to Golfweek’s request for comment after an initial report), another report said the league could be poised to continue on, but at a greatly reduced capacity.
Mark Cannizzaro of the New York Post reported late Wednesday that LIV Golf CEO Scott O'Neil is set to announce that the league will unveil about $250 million in new investment, which could keep the league afloat for the 2027 season and perhaps beyond.
This, from the Post's story:
O’Neil is believed to have been seeking between $250 million and $300 million to stay afloat. And, according
to sources who spoke on the condition of anonymity, he’s found it.
According to sources, LIV Golf has received “multiple written commitments from blue-chip investment firms that would serve as anchor investors to support the league” going forward.
The prospective “anchor” investors “have submitted qualified term sheets” that would “support the formation of a financing syndicate with sufficient backing to capitalize” what LIV Golf is calling “LIV 2.0.”
LIV has also attracted interest from additional investors looking to participate alongside those anchor investors, according to the sources.
Of course, the league would need to move forward in a very different fashion, as the circuit has burned through billions since its ballyhooed 2022 launch.
Before finally turning the spigot off, Saudi Arabia’s Public Investment Fund approved a fresh $266.6 million capital injection back in February, pushing its total investment in LIV Golf to approximately $5.3 billion since the league’s launch. LIV’s net outlay averaged roughly $100 million per month across 2024 and 2025.
Part of the increased expense stemmed from LIV’s expanded prize structure. For 2026, total purses rose from $25 million to $32.3 million per event, adding an estimated $65 million to the league’s annual cost base. While the individual competition purse remains unchanged at $20 million per tournament, the team purse has doubled to $10 million and has now been distributed among all 13 teams rather than being concentrated among the top three finishers.
The richer team payouts were designed to further emphasize LIV’s franchise model, but they also increased the financial burden on a league that had already been dependent on substantial backing from the Saudi sovereign wealth fund.
And while the league has found success overseas, it hasn't gained much traction in the American market to this point, and it's uncertain if the league's more expensive players like Bryson DeChambeau, Jon Rahm and others would stay under a revamped format.
LIV Golf season-by-season
The expected Michigan cancellation follows an earlier decision to postpone LIV Golf New Orleans, which had been scheduled for last month. No replacement date is expected for that event. The move contributed to a seven-week gap in LIV’s schedule before play resumed last week at LIV Golf UK, where Lucas Herbert delivered a record-setting victory.
With the Michigan event expected to come off the calendar, LIV’s 2026 schedule is now down to its final two tournaments: LIV Golf New York at Trump Bedminster, Aug. 6-9, and LIV Golf Indianapolis at The Club at Chatham Hills, Aug. 20-23. The cancellations add to an increasingly scarce season as the league heads toward its closing stretch.
Tim Schmitt is the managing editor of Golfweek.
This article originally appeared on Golfweek: Report: LIV Golf secures financing to keep league afloat
