LIV Golf seeks new investor as Saudi funding withdrawal forces restructuring

LIV Golf is navigating a critical transition following the withdrawal of funding from Saudi Arabia’s Public Investment Fund, which had supported the league for over four years. The 2026 season finale at Chatham Hills Golf Club in Indianapolis proceeded amidst significant financial pressure, characterised by reduced prize money and reports of unpaid invoices. The event served as a pivotal moment for the circuit, with leadership working to secure a deal for a restructured version of the league known as "LIV 2.0".

Multiple sources have confirmed that Ted Goldthorpe, head of the credit division at international investment firm BC Partners, is the prospective investor behind these plans. Goldthorpe, who attended the recent event in Bedminster, New York, has been described as "looking under the hood" of the league. His primary aim is to make LIV sustainable and ultimately profitable, a goal that requires a significant shift in spending and organisational outlook.

The proposed structure for the new league includes a reduced schedule of 10 events per year across five continents. This model aims to maximise players' ability to be match-fit for the majors while maintaining financial discipline. Franchise sales are expected to be a key component of the strategy, with reports indicating significant interest from investors. Additionally, players are promised equity and the return of "Name Image Likeness" commercial rights, allowing them to maximise personal endorsements.

CEO Scott O’Neil expressed optimism about the league's future, stating that the "facts are good" and that sponsors were not fleeing despite the uncertainty. The league reported that revenue grew by more than 100% from 2024 to 2025, with the first half of 2026 suggesting further increases. O’Neil also highlighted the league's global reach, noting that the Adelaide event attracted a record 115,000 fans, making it Australia’s highest-attended golf event, with a global broadcast audience of 5.5 million.

However, players remain cautious as they await clarity on their futures. Northern Ireland’s Graeme McDowell described the mood among the 57 players on the tour as "subdued", noting that some have exemptions on other tours while others have nowhere to go if LIV folds. Australian former Open champion Cameron Smith, who joined LIV after winning The Open in 2022, said he would take time to think about his future once the season is done, acknowledging that LIV has done wonders for golf in Australia.

The league faces several options for survival, including filing for bankruptcy, pre-packaged insolvency, or a new investment deal to settle outstanding bills. Jon Rahm is understood to be owed millions in outstanding contract payments, which could affect his ability to break his contract if all bills are settled. As the season-ending Team Championship in Michigan faces cancellation reports, the next few weeks will be critical in providing the specific details players need to make decisions over their future.