LIV Golf CEO Scott O’Neil mentioned the league has the monetary backing to complete out the 2026 season.
“The fact is you are funded by way of the season and then you definitely work like loopy as a enterprise to create a enterprise and a marketing strategy to maintain us going,” O’Neil mentioned throughout Thursday’s TNT Sports activities broadcast of the opening spherical in Mexico Metropolis. “However that is not totally different from some other personal equity-funded enterprise within the historical past of man.”
The league’s fourth season his eight tournaments remaining — 5 in america — after this week’s occasion in Mexico. Up subsequent is LIV Golf Virginia at Trump Nationwide Golf Membership from Might 7-10.
The Monetary Instances reported earlier this week that Saudi Arabia’s Public Funding Fund, which has poured greater than $5 billion into the league since 2022, was getting ready to shutting off the monetary pipeline.
O’Neil responded to that report by assuring workers members that the season would hold going at “full throttle.”
O’Neil put a optimistic spin on the circuit’s monetary scenario throughout his interview Thursday.
“Given the momentum of this enterprise, we’re actually enthusiastic about the place we’re and the place the place we’re,” O’Neil mentioned. “… This notion of bringing groups to market, I had two calls this morning. This notion of, ‘Do it’s a must to increase cash?’ Most likely. That is enterprise. But when we hold the trajectory going the way in which we’re and the income progress going, that is going to be a very good enterprise for a very very long time.”
Spain’s Jon Rahm, one of many gamers lured away from the PGA Tour and European tour by profitable contracts and $30 million purses, mentioned he’s specializing in golf as a substitute of the swirling rumors in regards to the league’s potential demise.
“For me, it did not make sense to consider it or waste time fascinated about [it],” he mentioned Thursday, per ESPN. “Since every little thing occurred so instantly and so rapidly, I wasn’t very apprehensive about it as a result of usually, earlier than the rumors begin, we already know one thing — there’s at all times somebody inside the league who is aware of one thing. It occurred so quick that I actually did not fear about it.”
France’s Victor Perez held a three-shot lead at 9 below after firing a 62 in Thursday’s opening spherical on the Membership de Golf Chapultepec within the Mexican capital.
–Subject Degree Media
