LIV GOLF IS seeking between $250 million and $350 million from outside investors as the breakaway golf circuit prepares for life after financial support from Saudi Arabia’s Public Investment Fund (PIF) ends following the 2026 season.
Since launching in 2022, the league has relied heavily on billions of dollars in backing from Public Investment Fund to recruit elite players, offer record prize money, and challenge the dominance of the PGA Tour. Estimates suggest PIF invested more than $5 billion into the venture.
According to reports, LIV Golf CEO Scott O’Neil has begun presenting a revamped business plan to prospective investors, with investment bank Ducera Partners advising the process. The proposed capital raise is intended to keep the league operational beyond 2026, reduce dependence on Saudi sovereign wealth funding, move LIV toward profitability by 2028, and restructure ownership by potentially giving players and executives equity stakes in the league and its teams.
The restructuring initiative is internally referred to as “Project Wedge,” according to the Financial Times. LIV Golf is expected to significantly scale back operations under the new strategy. Reports indicate the league could shift to a 10-event global schedule beginning in 2027, down from its current expanded format.
The league reportedly generated about $500 million in sponsorship commitments over the past year and projects revenue growth of another $100 million.
The Saudi PIF’s decision to stop funding LIV Golf appears tied to broader economic and strategic priorities. Saudi Arabia’s massive spending commitments connected to projects such as Expo 2030 and the 2034 FIFA World Cup, as well as changing investment priorities amid geopolitical tensions have been cited as reasons.
