NEW YORK — LIV Golf is currently awaiting an estimated $400 million in outstanding payments from Saudi Arabia’s Public Investment Fund (PIF) to finance the remaining tournaments of its current competitive season. The figure represents the remaining portion of a $600 million total allocation required to complete the season’s scheduled events, following a recent $200 million disbursement by the fund.
According to a report by the Financial Times, the outstanding capital is intended to fund operating expenses, player contracts, and tournament purses for upcoming events in the United Kingdom, New York, Indianapolis, and Michigan. The final two scheduled events face operational uncertainty if the capital is not transferred.
The financial data follows a statement by LIV Golf Chief Executive Officer Scott O’Neil on CNBC’s “Halftime Report,” where he indicated that the golf circuit would require three years to achieve profitability once a new operational model is implemented in 2027. The PIF previously announced that its primary financial contributions to the league would conclude at the end of the current season.
Per-tournament prize money for the current LIV Golf season totals $30 million. The allocation consists of $22 million for the individual competitive category and $8 million distributed to participating teams.
Concurrently, the PGA Tour finalized a three-year partnership agreement with the DP World Tour and Golf Australia to co-promote the Australian Open. The agreement impacts previous plans by LIV Golf to integrate the Australian tournament into its upcoming corporate calendar expansion, known as LIV Golf 2.0.