LIV Golf CEO Says Saudi PIF Funding Ends After Current Season
LIV Golf's chief executive said the Saudi-backed league will lose its funding at the end of the current season. He declined to confirm whether the final four events will take place.
ESPNLIV Golf CEO Scott O'Neil said the league's funding from Saudi Arabia's Public Investment Fund will end after the current season. O'Neil addressed the development during an interview on CNBC's "Halftime Report."
O'Neil did not specify how the league plans to continue operations once PIF backing concludes. He also declined to guarantee that the final four events of the season will be played. According to ESPN, O'Neil was responding to reports that funding might not last through the remainder of the schedule.
The CNBC segment, titled "Watch CNBC's full interview with LIV Golf CEO Scott O'Neil," centered on the immediate impact of the funding decision. O'Neil provided no details during the interview on potential new investors, changes to the league's structure, or alternative financing plans.
BroBible characterized O'Neil's responses to direct questions about the league's cash position as awkward deflections.
No further statements from the Public Investment Fund on the cutoff were included in the available reporting.
