BEDMINSTER, N.J. — LIV Golf CEO Scott O'Neil announced an agreement with a lead investor to support the league beyond the 2026 season. The deal marks a transition to a player-majority ownership model following the end of funding from the Saudi Arabia Public Investment Fund.

The agreement has been signed by the investor and approved by the LIV Golf Board. O'Neil stated that LIV Golf players will become majority equity holders in the league under the new structure. He also noted there is strong interest from more than a dozen additional parties to serve as minority investors.

O'Neil declined to identify the lead investor or the additional minority investor parties. He stated the goal is to finalize terms and enter into the transaction in September. Multiple reports state that LIV Golf is seeking between $250 million and $300 million in outside investment.

LIV Golf players held a meeting at Trump National Golf Club Bedminster on Tuesday to discuss the league's future. Bryson DeChambeau led the players-only meeting at the golf club in Bedminster, New Jersey. Abraham Ancer stated that players discussed the business plan for the next year during the meeting.

Richard Bland said that players are fully backing Scott O'Neil and expect a bigger picture of the league's future in the next two to three weeks. Thomas Detry stated there were no updates regarding the team championship or potential investors following the players' meeting.

LIV Golf is scheduled to hold its next tournament at Trump National Golf Club Bedminster starting Thursday. The league faces operational questions regarding its upcoming events. Reports indicate that no tournament infrastructure build-out has begun at The Cardinal at Saint John's Resort for the scheduled team championship.

The LIV Golf team championship is scheduled for August 27-30 in Michigan. Cameron Smith said players have been told to prepare for the team championship as though it is going ahead. LIV Golf canceled its New Orleans event earlier in the 2026 season.

The financial restructuring follows an announcement in April that the Saudi Arabia Public Investment Fund would no longer fund LIV Golf after the 2026 season. Reports indicate LIV Golf may file for Chapter 11 bankruptcy protection. The Asian Tour ended its partnership with LIV Golf to partner with the PGA Tour and DP World Tour. The proposed LIV Golf 2.0 schedule for 2027 will feature 10 events, with five in the United States and five internationally.

The shift to player-majority ownership represents a fundamental change in the governance of LIV Golf after years of backing by the Saudi Arabia Public Investment Fund. The agreement aims to secure the league's operations beyond 2026 while addressing reports of financial instability and potential bankruptcy filings. The outcome will determine whether the league can maintain its schedule and expand under the proposed LIV Golf 2.0 model.

Why It Matters

The transition to a player-majority ownership model determines whether the league can continue operations after Saudi Arabia Public Investment Fund funding ends in 2026. This restructuring addresses reports of potential Chapter 11 bankruptcy filings and seeks to secure the proposed 2027 schedule following the loss of the Asian Tour partnership. The outcome will dictate if the league can finalize its $250 million to $300 million investment goal and maintain upcoming events like the team championship.