Per @FT, "Saudi Arabia's sovereign wealth fund is on the verge of cutting its support for LIV Golf."

Story updated


LIV Golf holds 'emergency meeting' amid rumors of shutdown

https://awfulannouncing.com/golf/liv-holds-emergency-meeting-amid-rumors-shutdown.html

LIV CEO Scott O'Neil recently sent an e-mail to the LIV Golf staff in the wake of rumors about the league's future. This excerpt comes from a source within LIV's league operations:

"I want to be crystal clear: Our season continues exactly as planned, uninterrupted and at full throttle. While the media landscape is often filled with speculation, our reality is defined by the work we do on the grass. We are heading into the heart of our 2026 schedule with the full energy of an organization that is bigger, louder, and more influential than ever before.

"The life of a startup movement is often defined by these moments of pressure. We signed up for this because we believe in disrupting the status quo. We have faced headwinds since the jump, and we've answered every time with resilience and grace. Now, we answer by doing what we do best: putting on the most compelling show in sports."

LIV's Mexico City event is scheduled to tee off at 1:15pm local time on Wednesday, as originally planned.

DARLINGTON BOMB 💣 https://t.co/uUywG3xGUj

— Marty Smith (@MartySmithESPN) April 16, 2026

LIV Golf CEO admits league's funding will end this season in since-deleted video

However, O'Neil did confirm that while the 2026 season will finish as intended, anything beyond that remains unknown.


"The reality is that you're funded through the season, and then you work like crazy as a business to create a business and a business plan to keep us going," O'Neil said in an interview with TNT Sports UK that was posted on its X account but later deleted, per The New York Post. "But that's not different from any other private equity-funded business in the history of mankind."

LIV Golf CEO admits league’s funding will end this season in since-deleted video https://t.co/Uo5KJl8K8L

— Awful Announcing (@awfulannouncing) April 18, 2026

It was just a matter of time, it's a terrible product.

LIV Golf reportedly postpones New Orleans event amid funding struggles

Just two weeks after reports surfaced that the Saudi-funded LIV Golf circuit could be on its last legs after Saudi Arabia's sovereign wealth fund decided to pull funding for the entity following this season, it seems that LIV's collapse could begin quicker than anticipated.

On Monday, WDSU first reported that the LIV Golf New Orleans event scheduled for June would "likely" be postponed as the league's finances face uncertainty. Later, The Athletic confirmed that reporting, suggesting that the event could be rescheduled for the fall, despite LIV's championship event being scheduled for August.

https://awfulannouncing.com/golf/liv-postpones-new-orleans-event-amid-funding-struggles.html

LIV Golf has released a statement on the postponement of their Louisiana event that was scheduled to take place in June.

“This shift allows us to avoid the peak summer heat and the crowded global sports calendar.” pic.twitter.com/hUPAXnOqjS

— GOLF.com (@GOLF_com) April 28, 2026

Breaking: After weeks on life support, LIV Golf has lost the funding of its Saudi backers, sounding the death knell for the upstart league that split pro golf

Breaking: After weeks on life support, LIV Golf has lost the funding of its Saudi backers, sounding the death knell for the upstart league that split pro golf https://t.co/7bXzthz667

— The Wall Street Journal (@WSJ) April 29, 2026

Wolfer79 said:

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Breaking: After weeks on life support, LIV Golf has lost the funding of its Saudi backers, sounding the death knell for the upstart league that split pro golf

Breaking: After weeks on life support, LIV Golf has lost the funding of its Saudi backers, sounding the death knell for the upstart league that split pro golf https://t.co/7bXzthz667

— The Wall Street Journal (@WSJ) April 29, 2026

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Wow, gonna be interesting to see this unfold.