LIV Golf has announced it secured a lead investor to support its operations after losing Saudi funding. The league’s CEO, Scott O’Neil, revealed this development on Wednesday. However, he did not disclose the investor’s identity, stating only that they have signed a term sheet approved by the LIV board. The transaction is expected to be finalized in September.
The announcement comes amid uncertainties about how the league will manage player contracts and commitments extending beyond the current season. Despite these challenges, top players like Bryson DeChambeau remain committed to LIV.
This move aims to ensure financial stability and future operations for the controversial breakaway golf league.