LIV Golf has secured a new lead investor in a deal expected to be agreed in September, Chief Executive Scott O’Neil said on Wednesday, providing a funding boost for the breakaway circuit as it prepares for a future without backing from Saudi Arabia’s Public Investment Fund (PIF).
New Investor and League Changes
“LIV Golf has an agreement in place with a lead investor, signed by the investor and approved by the board, to anchor the transaction and support the league’s next era,” O’Neil said in a statement. Players will become majority equity holders in the league, and LIV Golf’s schedule will be reduced to 10 events, split evenly between international venues and the United States.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
