BEDMINSTER, N.J. — LIV Golf says it has an agreement that could keep it going for several years, but who the investor is and how much money they’ve agreed to give the golf league remains something of a mystery.

The future of LIV has been in serious doubt since the Saudi Public Investment Fund’s decision in April to pull its backing from the league, which it had spent four years and billions of dollars building up.

LIV Golf CEO Scott O’Neil’s announcement Wednesday — that a new lead investor had signed a term sheet to fund the start-up tour and that it had been approved by the league’s board — aimed to allay those concerns.

Though he declined to provide further details about the investor, he responded to a question about whether this meant there would be a LIV season in 2027 by saying “and 2028 and 2029 and 2030.”

Bloomberg reported soon after the press conference that BC Partners, a London-based private equity firm, is considering a loan to LIV Golf. While it’s not clear if this is the investment O’Neil was referring to, it raised eyebrows as BC Partners has a financial relationship with GSE, a sports agency firm that represents multiple LIV golfers, most notably Bryson DeChambeau.

“The reported transaction is a matter for the parties involved. Neither GSE nor Gatemore were aware of the transaction or are participating in any of those discussions,” a GSE spokesperson said in a statement. “Our focus remains entirely on delivering exceptional service to our clients.”

Despite the claim of an investor’s commitment, O’Neil could not say whether the Team Championship, slated to be played from Aug. 27-30 at The Cardinal in Plymouth, Mich., would take place.

“This is a very fluid situation,” he said. “We are all working tirelessly to do everything we can to deliver the events of the season. Some of this stuff is completely out of our control. Some of this stuff is not… We just don’t have any update or certainty.”

Can LIV Golf survive without PIF funding? Experts weigh in

Gabby Herzig and Lauren Morales-Jones

He also could not assure that stars such as Bryson DeChambeau and Jon Rahm would be on board to play in LIV Golf beyond the 2026 season, instead saying, “we would certainly love them to come along for the ride.”

DeChambeau’s contract is up at the end of the season, while Rahm signed a long-term contract with the league when he joined in 2023.

O’Neil met with the LIV captains on Tuesday, which was followed by a players-only meeting. Two players in the room said DeChambeau led it, with an emphasis on being together and behind O’Neil.

Wednesday’s press conference came with new details about the structure of LIV 2.0. According to O’Neil, the players will be majority equity holders in the league. The league claims that the new iteration of the tour will include 10 events — five international and five in the United States, and players have been told that their Name, Image and Likeness (NIL) rights will be returned, giving them fuller control of their brands. Team golf will remain the core of the competitive model, but players will not be prohibited from playing events on other tours.

“Hopefully in five years it will be a golf ecosystem that is open and welcoming, our players will continue to have free agency to play where they want to play and how they want to play it, and we’ll be commercially successful,” O’Neil told The Athletic.