LIV Golf CEO Scott O’Neil has lifted the lid on the league’s next chapter, revealing an ambitious plan to raise $US300 million while openly expressing his desire for Australian investors to help shape the future of the breakaway circuit.
A Financial Times report says that LIV Golf needs $US600 million to make it through to the end of its 2026 schedule, while the PIF has delivered only just short of $US200 million.
LIV Golf chief executive Scott O’Neil remains bullish on his league’s future in the wake of Saudi Arabia pulling its funding. But in a TV appearance on Tuesday he wouldn’t go so far as to guarantee its immediate future.
Reserve player Travis Smyth filled in for the injured Paul Casey on Crushers GC last week in Korea and helped his new teammates win the team trophy. Now he’s looking for more.
Axios reports that as LIV shops to outside investors, the league is seeking $US250 million ($A350 million), projecting profitability within 20 months. A secondary option exists at $US150 million, contingent on team sales and a new media rights deal bridging the gap.
For months, questions had swirled around whether Smith would ever return to being a genuine factor in the majors again. At Aronimink, he provided an encouraging answer.
Rory McIlroy once advocated for the PGA Tour to make a deal with Saudi Arabia in the throes of professional golf’s civil war. He’s now glad he was misguided.
Australian Golf Digest
