LIV Golf Offers Update on Future at Press Conference

O’Neil did not reveal details about the investor, or how much money has been committed, but previously sought an investment of $250 million to $300 million in the wake of Saudi Arabia’s Public Investment Fund’s departure as primary investors. He hinted at opportunities for non-lead investors, but stated they were not necessary to the future of the league. 

Also left ambiguous were the remaining events on the calendar for 2026, with the status of their team championship at LIV Golf Michigan left uncertain. This comes after emails were sent out to a large number of LIV Golf employees giving them 30 days’ notice of employment termination in early September, but left the door open for future opportunities pending further investment.

“This is a very fluid situation,” he said. “We are all working tirelessly to do everything we can to deliver the events of this season. Some of the stuff is completely in our control. Some of the stuff is not. We are working to deliver the best we can.”

O’Neil addressed the uncertainty at a meeting with LIV Golf’s captains Tuesday, where he unveiled plans for what he called LIV 2.0. The schedule will be scaled down to 10 events, with half being played internationally as “Team Majors.” 

Following O’Neil’s meeting, players gathered for a players-only meeting led by Bryson DeChambeau.

“I wasn’t in there, but all I can say is that we have a collection of incredible human beings playing in LIV Golf, and a lot of them are terrific leaders,” O’Neil said. “From what I’ve heard and understand, it was a really robust conversation with a lot of players. At least from my perspective, couldn’t have a more positive impact.”

In this new version of LIV Golf, contracts would likely be restructured, with players becoming majority equity holders moving forward in addition to expanding Name, Image and Likeness rights. O’Neil did not confirm if that future included the likes of DeChambeau or Jon Rahm, but remained confident that the league can maintain its appeal with the world’s best players.

“We would certainly love them to come along for the ride and journey because they carry maybe more weight than anybody in the game and I have a lot of time for that,” O’Neil said. “I think we have enough support from enough players, and we have such an interesting format and global format, I think we’ll do quite well in getting the right stars for this game.”