LIV Golf could reschedule June’s New Orleans event
Discussions about the future of LIV went into overdrive earlier this month as the tour geared up for its final event in Mexico.
Multiple media outlets across golf, sports news and finance reported the resort would close soon, before CEO O’Neil insisted in a massive email to staff that it was business as usual.
It was notable that O’Neil only talked about 2026 and did not touch on what might happen in the future.
Last month players were told funding would continue until 2032 but well-placed figures in European golf told BBC Sport they believed the PIF had withdrawn its financial support.
One of the sources said he fully expects 2026 to be LIV’s last season, while another said leadership is trying to convince him that other revenues can be found.
But many think – as someone summarized – that this could quickly dissipate.
The LIV project, which switched to a more traditional 72-hole format this year, was funded with an eye-popping amount of money from PIF.
Total investment exceeds $5bn (£3.8bn) when $266.7 million in new capital was injected earlier this year., external.
The tour’s net loss in markets outside the US has risen to $462 million (£340 million) in 2024, meaning the tour has lost more than $1.1 billion (£810 million) since its launch in 2021.
With large amounts of money being pumped into the US arm of the operation, losses are likely to reach several billion dollars.
