LIV Golf CEO Scott O’Neil announced an agreement with a lead investor that would allow the rival league to forge ahead without the backing of Saudi funding while making players major equity holders.
LIV Golf’s Future Plans
O’Neil did not identify the investor, only that it has signed an agreement that was approved by LIV’s board and signals “the path forward for the League’s next era, driven by and for the players.”
LIV is to play in Indianapolis on Aug. 20-23. The season-ending team championship in Michigan has been in doubt for several weeks, mainly because the course has not even begun setting up for a tournament scheduled to start in three weeks.
LIV Golf, which launched in 2022 with the financial backing of the Public Investment Fund of Saudi Arabia, paid nine-figure bonuses to lure top players like Brooks Koepka, Dustin Johnson, Bryson DeChambeau and Jon Rahm away from the PGA Tour, offering $20 million prize funds.
Original reporting: KSAT Sports (San Antonio) — read the source article.
