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LIV Golf to lay off 90% after funding ends

8/27/2026

38 6 Full Breakdown

Summary

Story summary

LIV Golf announced it will lay off roughly 90 % of its 300 employees next week.
The cuts follow the Public Investment Fund ending its financing after the 2026 season.
CEO Scott O'Neil is seeking $250 million-$300 million from BC Partners to fund a 2027 “LIV 2.0.”
The individual champion’s purse fell from $18 million to $6 million.
Jon Rahm and Bryson DeChambeau have not confirmed staying, while vendors await millions in unpaid fees.

History

Historical Context

In 2001 Vince McMahon and NBC launched the XFL; its only championship—the Million Dollar Game—occurred on April 21 at the Los Angeles Memorial Coliseum and featured a $1 million prize. Dismal ratings led NBC to drop the league less than a month later, ending it, a scenario mirrored today as LIV Golf cuts staff after its primary backer withdrew support.

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Story summary

LIV Golf announced it will lay off roughly 90 % of its 300 employees next week.
The cuts follow the Public Investment Fund ending its financing after the 2026 season.
CEO Scott O'Neil is seeking $250 million-$300 million from BC Partners to fund a 2027 “LIV 2.0.”
The individual champion’s purse fell from $18 million to $6 million.
Jon Rahm and Bryson DeChambeau have not confirmed staying, while vendors await millions in unpaid fees.

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