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LIV Golf secures new funding to continue beyond 2026

LIV Golf announced a $250 million cash influx from new investors, ensuring the Saudi-backed circuit will operate beyond the 2026 season.

Updated last month4 new reports, including Newsweek, Fox News, The Hill.

·1 min read·4 outlets

Em resumo

LIV Golf secured $250 million in new funding to continue operations beyond 2026. The Saudi-backed circuit had previously lost its primary funder, raising concerns about its future.

LIV Golf CEO Scott O’Neil announced the circuit had secured new investors to keep it alive beyond the 2026 season.1,2,3 The announcement was made at Trump National Bedminster, where LIV Golf was hosting a tournament.1 LIV Golf’s previous funding from the Saudi Public Investment Fund (PIF) was set to end after the 2026 season.3

The new funding comes from an outside investor group led by BC Partners’ credit arm, according to people familiar with the matter.4 The $250 million cash influx was confirmed by LIV Golf CEO Scott O’Neil during the announcement.1 The funding ensures the circuit will operate at least through the 2027 season.2,3

LIV Golf is a breakaway professional golf tour backed by Saudi Arabia’s sovereign wealth fund.3 The circuit was formed in 2022 as a competitor to the PGA Tour and DP World Tour.3 LIV Golf has faced criticism for its financial backing from Saudi Arabia due to human rights concerns.3

Porque é importante

  • LIV Golf is a professional golf tour launched in 2022 with significant financial backing from Saudi Arabia’s Public Investment Fund (PIF).3

  • The PGA Tour, DP World Tour, and LIV Golf have been engaged in legal and financial disputes since LIV’s formation.3

Este texto foi escrito a partir dos 4 relatos listados abaixo, publicados por 4 meios independentes, e verificado linha a linha. Não é cópia de nenhum deles. Encontrou um erro? Avise-nos.

Well corroborated4 outlets
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4 reports from 4 outlets. The numbers in the article point here.

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