LIV Golf Seeks $250 Million to $350 Million in New Funding

LIV Golf is preparing to seek between $250 million and $350 million in new financing from investors, people familiar with the plans told CNBC. The circuit will begin presenting its updated business plan and investor pitch as soon as Thursday, according to the same people.

Boutique investment bank Ducera Partners is handling the capital raise. The move follows Saudi Arabia's Public Investment Fund announcement that it would stop funding LIV operations after the 2026 season. PIF Chairman Yasir Al-Rumayyan also stepped down as LIV Golf chairman.

The league said last month that an independent board led by Gene Davis and Jon Zinman had been installed.

The capital raise is intended to allow new investors, players, and LIV management to hold ownership stakes. The league carries hundreds of millions of dollars in player contract obligations and aims to reach profitability within two years. LIV has reported year-over-year growth in sponsorships, partnerships, ticket sales, retail, and YouTube viewership.

Its proposed 2027 schedule includes 10 team events worldwide.

LIV golfer Jon Rahm said he believes the league can develop a workable plan. He added that any business changes would likely require concessions from players. Earlier this week, Bloomberg News reported that LIV has begun evaluating bankruptcy as a possible restructuring tool.

Some players have started exploring other career options, while others have expressed support for keeping the league operating.