American golfer, two-time major champion
LIV Golf has signed an agreement with a lead investor approved by its board to fund the league beyond 2026, pledging to make players majority equity holders and to reduce to a 10-event calendar from 2027. CEO Scott O’Neil has said the transaction aims to close in September and that multiple parties have shown interest as minority investors.
LIV Golf has filed for Chapter 11 bankruptcy in New Jersey and has agreed a restructuring with BC Partners while Saudi Arabia's Public Investment Fund has provided $49.6m in debtor-in-possession financing. The company has listed $500m–$1bn in liabilities, plans a player-majority ownership model and aims to return in 2027.