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LIV Golf Pursues $250-350 M Recap After Saudi Exit

5/22/2026

Summary

Scott O’Neil Seeks Funding

LIV Golf CEO Scott O’Neil is pitching $250 million-$350 million to recapitalize the league after Public Investment Fund withdrew support.
Boutique bank Ducera Partners advises the $250 million-$350 million recapitalization.
The 2027 plan lists events in South Africa, Australia, Mexico City, Virginia, South Korea on May 28 and a Michigan championship in August.
After O’Neil’s April 15 email denying league-demise rumors, LIV Golf held tournaments in Mexico City and Virginia before the May 28 South Korea event.

Summary

LIV Golf Proposes Equity

LIV Golf has proposed granting participating players equity stakes to help the league survive.
Players have responded positively after the equity proposal was briefed to them.
Jon Rahm said he has confidence in the league’s direction.
Critics view LIV Golf as Saudi Arabia’s image-building tool, which the Saudi government denies involves human-rights abuse.

Summary

LIV Golf Bankruptcy

LIV Golf is exploring bankruptcy to reset obligations and pursue profitability after the Public Investment Fund has spent $5 billion, possibly exceeding $6 billion by late 2026.
The league is weighing a U.S. headquarters move because bankruptcy laws are friendlier.
Jon Rahm says his multi-year contract leaves him few exit options if the league collapses.
Bryson DeChambeau warned the PGA Tour may levy severe penalties on a return after his deal ends.

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Scott O’Neil Seeks Funding

LIV Golf CEO Scott O’Neil is pitching $250 million-$350 million to recapitalize the league after Public Investment Fund withdrew support.
Boutique bank Ducera Partners advises the $250 million-$350 million recapitalization.
The 2027 plan lists events in South Africa, Australia, Mexico City, Virginia, South Korea on May 28 and a Michigan championship in August.
After O’Neil’s April 15 email denying league-demise rumors, LIV Golf held tournaments in Mexico City and Virginia before the May 28 South Korea event.

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