Golf's media establishment mocked defectors as sellouts and eagerly counted down the days until LIV's collapse.Put those obituaries on hold.LIV Golf is reportedly close to finalizing more than $250 million in outside investment, according to the New York Post.Multiple investment firms have submitted written commitments and qualified term sheets as part of a financing syndicate designed to keep the league operating through 2027 and beyond.TRUMP WEIGHS IN ON LIV GOLF, PGA TOUR AFTER SAUDIS PULL FUNDING OF STARTUP LEAGUEThe deal is not complete, and LIV declined to comment.
But if the financing closes as expected, it would represent a major lifeline for a league many had already declared dead.Martin Kaymer of Cleeks Golf Club hits a tee shot on the fourth hole during the final round of the LIV Golf Virginia tournament at Robert Trent Jones Golf Club in Gainesville, Va., on June 8, 2025.(Geoff Burke-Imagn Images)Saudi Arabia’s Public Investment Fund informed LIV earlier this year that it would no longer bankroll the league beyond the 2026 season as the sovereign wealth fund redirected capital toward other priorities.PGA TOUR CEO SHARES JARRING COMMENTS ABOUT PLAYERS RETURNING AS LIV GOLF SAUDI FUNDING DISAPPEARSPIF has reportedly poured more than $5 billion into LIV since its launch, funding enormous player contracts, massive tournament purses and the league’s global expansion.Critics immediately smelled blood.
The assumption was simple: Once the Saudi money stopped flowing, the party was over.LIV responded by overhauling its leadership and searching for outside capital.The league appointed Gene Davis, a veteran restructuring executive, as chairman and retained investment bank Ducera Partners to lead its fundraising effort.LPGA LEGEND ANNIKA SORENSTAM SAYS LIV GOLF INTERRUPTED THE GAME OF GOLF, FORCED PGA TOUR TO MAKE CHANGESEarlier pitch materials reportedly projected that LIV could reach profitability in approximately 20 months if it raised the full $250 millio...