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LIV Golf to cut most U.S., U.K. staff in September

8/26/2026

46 7 Full Breakdown

Summary

Story summary

LIV Golf will lay off most U.S. and U.K. staff in the first week of September.
The cuts follow the Public Investment Fund ending its more than $5 billion support since 2022.
CEO Scott O’Neil said the league will scale back to launch “LIV 2.0” with a $250-$300 million term sheet from BC Partners.
LIV 2.0 plans a 10-event schedule, smaller purses, player equity stakes, and aims for profitability within three years.

History

Historical Context

1977 saw Kerry Packer launch World Series Cricket, a breakaway league that introduced lucrative TV contracts and paid star players about $1 million each. When funding ended in 1979 the venture collapsed, a pattern echoed in 2024 as LIV Golf faced staff cuts after the Public Investment Fund withdrew a $5 billion pledge. Both cases illustrate the risk of relying on a single billionaire patron.

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Story summary

LIV Golf will lay off most U.S. and U.K. staff in the first week of September.
The cuts follow the Public Investment Fund ending its more than $5 billion support since 2022.
CEO Scott O’Neil said the league will scale back to launch “LIV 2.0” with a $250-$300 million term sheet from BC Partners.
LIV 2.0 plans a 10-event schedule, smaller purses, player equity stakes, and aims for profitability within three years.

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