LIV Golf CEO Scott O’Neil announced Wednesday that LIV Golf has secured a new investor in the golf league, injecting much needed capital into the league after the Saudi Public Investment Fund pulled funding for the league back in April. The announcement came from O’Neil at Trump National Golf Club in Bedminster, New Jersey, the site of this week’s LIV Golf New York Tournament.

O’Neil said Wednesday, "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 play a key role in supporting the path forward for the League's next era, driven by and for the players,"

"We're also seeing strong interest from more than a dozen additional parties to potentially serve as minority investors, creating a multi-partner model built for long-term stability and growth.

"Notably, our next chapter will make our players the majority equity holders in LIV Golf, a first for a major global sports league, and gives the League the foundation to keep growing the game worldwide. We anticipate finalizing terms in the coming weeks, with the goal of entering a transaction in September. In the meantime, our focus is on delivering a great week for fans and players at Bedminster and finishing the 2026 season strong."

Previous reports indicated that O’Neil was seeking between $250 million to $300 million to keep LIV Golf going. However, O’Neil did not identify the investor, nor how much money would be invested into the league.

The funding news comes during a turbulent time for LIV Golf, as it was reported that LIV Golf may be soon filing for bankruptcy in order to restructure its debts, and that it still owes hundreds of millions of dollars to certain star players including Jon Rahm. Three events remain on the 2026 LIV Golf calendar, including New York, Indianapolis, and Michigan.

O’Neil’s announcement notably states that LIV golfers will become equity shareholders in LIV Golf. The apparent funding would help drive O’Neil’s vision of LIV 2.0, a scaled-down version of the current league with five team majors and five United States-based team signature events.

The Saudi PIF reportedly spent over $6 billion starting and running LIV Golf from 2022 through April of 2026, and O’Neil had previously stated that LIV Golf was five to ten years from profitability. It’s unclear what structure LIV Golf will operate under in a potential 2027 season or beyond, or what type of returns can be expected with this new investment.