#Letakan iklan disini
Golf Jun 12, 2026

LIV Golf chief executive Scott O'Neil dodges question over viability of future events

👤
By Admin
Sports Journalist
LIV Golf chief executive Scott O'Neil dodges question over viability of future events

LIV Golf chief executive Scott O'Neil refused to be drawn on whether the league's remaining events of 2026 will take place as he outlined the scramble for post-Saudi investment.

O'Neil is seeking $300m from outside backers to keep the breakaway circuit afloat after Saudi Arabia's Public Investment Fund announced plans to withdraw funding at the end of the year, having invested more than ÂŁ4bn since 2022.

"I've had five formal meetings so far," O'Neil told CNBC. "I've got 18 more this week and about the same next week.

"What's been really interesting is how you slice this. Is it one partner, maybe a big private equity firm, coming in for the full $300m, or do you have 10 or 12 investors at $50m or $25m?"

Securing that funding during the 46-day gap between LIV's last event in Spain and its next stop in the UK at JCB Golf & Country Club on July 23 is, he admits, critical.

"What we don't have is a lot of time," he added. "We're urgently out there talking to those who are interested. We like the pool, but we have to get this done through the summer."

The cancellation of LIV's New Orleans event created the break in the schedule, and when asked if the final four stops in the UK, New York, Indianapolis and Michigan would go ahead, O'Neil again sidestepped the question.

"What I can guarantee is a heck of a return if you come invest in this business," he said.

O'Neil added that any new model would look markedly different, built around tighter cost controls and a more sustainable structure.

"We're cutting the expense side dramatically, and the revenue momentum we've had - we're already up $100m year-on-year - means we have really good business momentum," he said.

"This is about getting costs under control, reimagining what the business could and should look like, and engaging players as partners, as true equity partners in this business."

Tags:

golf news

Share this article

Related Posts

Sky Sports Golf Podcast: Players and pundits join Jamie Weir to dissect the big topics

Sky Sports Golf Podcast: Players and pundits join Jamie Weir to dissect the big topics

The Your Site Golf Podcast delivers the latest news from the golfing world, expert analysis and big-name interviews.With episodes released every Monda...

US Women's Open: Nelly Korda improves on opening round as Alison Lee takes joint lead at Riviera Country Club

US Women's Open: Nelly Korda improves on opening round as Alison Lee takes joint lead at Riviera Country Club

World No 1 Nelly Korda jumped into the hunt for her first Women's Open title by shooting the day's lowest round at 67, leaving her just two shots back...

RBC Canadian Open: Shane Lowry a shot off lead in Toronto after opening round as Brooks Koepka fires eight birdies

RBC Canadian Open: Shane Lowry a shot off lead in Toronto after opening round as Brooks Koepka fires eight birdies

Brooks Koepka made one of his strongest starts since his return to the PGA Tour, making eight birdies and two bogeys to earn a share of the lead with...

Nelly Korda wins the US Women's Open: Reaction, scores, highlights, as world No 1 pips Charley Hull to major victory

Nelly Korda wins the US Women's Open: Reaction, scores, highlights, as world No 1 pips Charley Hull to major victory

Kretinsky poised to become West Hams biggest shareholderDaniel Kretinsky is set to become West Hams biggest shareholder after agreeing a deal to buy a...

Tyrrell Hatton beats Jon Rahm to win LIV Golf Andalucia as Joaquin Niemann earns spot at The Open Championship

Tyrrell Hatton beats Jon Rahm to win LIV Golf Andalucia as Joaquin Niemann earns spot at The Open Championship

Tyrrell Hatton won his first tournament since becoming a father as he held off a charging Jon Rahm to take victory at LIV Golf Andalucia.The Englishma...

The Memorial Tournament: J.T. Poston overcomes Ryan Gerard on second play-off hole after Tommy Fleetwood comes close on final day

The Memorial Tournament: J.T. Poston overcomes Ryan Gerard on second play-off hole after Tommy Fleetwood comes close on final day

JT Poston overcame Ryan Gerard in a play-off to win the Memorial Tournament after a thrilling final round in Ohio.The 54-hole leader Poston clinched t...