LIV Golf secures unnamed lead investor for 2027Image source, Getty ImagesImage caption, Two-time major winner Jon Rahm has won two LIV events this seasonByJack SkeltonBBC Sport senior journalistPublished5 minutes agoLIV Golf says it has secured an unnamed lead investor to keep the competition running in 2027 after the withdrawal of Saudi Arabian financial backing.The Saudi Public Investment Fund (PIF) stated in April it would end its multibillion dollar backing of the brekaway tour at the end of the season, plunging the future of the series into doubt.Chief exeuctive Scott O’Neil stated a signed agreement with a new investor is in place and has been approved by the LIV Golf board, with the transaction expected to be completed in September.No details of the amount of money that will be invested were unveiled. PIF has invested more than $5bn (£3.71bn) since the league launched in 2022.O’Neil added LIV will make its players “majority equity holders” in the competition, calling it “a first for a major global sports league”.The LIV press release stated the proposed deal with the lead investor is for “2027 and beyond”.Saudi Arabia to stop funding LIV Golf next season
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Published30 April
