{"id":607202,"date":"2026-04-16T04:15:11","date_gmt":"2026-04-16T04:15:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/607202\/"},"modified":"2026-04-16T04:15:11","modified_gmt":"2026-04-16T04:15:11","slug":"liv-golf-leader-says-the-show-will-go-on-amid-reports-of-saudi-funding-uncertainty-winnipeg-free-press","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/607202\/","title":{"rendered":"LIV Golf leader says the show will go on amid reports of Saudi funding uncertainty \u2013 Winnipeg Free Press"},"content":{"rendered":"<p>LIV Golf CEO Scott O\u2019Neil sought to quell speculation about the league\u2019s financial future Wednesday evening with a memo to his staff that said the 2026 season will continue as planned without interruption and \u201cat full throttle.\u201d<\/p>\n<p>The memo, a copy of which was sent to The Associated Press, followed a long day of reports suggesting Saudi Arabia\u2019s sovereign wealth fund was on the verge of cutting its financial backing of the upstart league.<\/p>\n<p>The newsletter Money in Sport reported in February that LIV Golf already had spent $5.3 billion and was projected to surpass $6 billion by the end of the year.<\/p>\n<p>\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/04\/69e0420983aeb5feb9d6b4b3jpeg.jpg\" data-pswp- data-pswp-width=\"4000\" data-pswp-height=\"2668\"><br \/>\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/04\/69e0420983aeb5feb9d6b4b3jpeg.jpg\" alt=\"First-place individual champion, captain Bryson DeChambeau, of Crushers GC, poses for a photo with the trophy after the final round of LIV Golf South Africa at The Club at Steyn City, Sunday, March 22, 2026, in Midrand, South Africa. (LIV Golf via AP)\"\/><br \/>\n\t\t\t\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t\t\t\t\tFirst-place individual champion, captain Bryson DeChambeau, of Crushers GC, poses for a photo with the trophy after the final round of LIV Golf South Africa at The Club at Steyn City, Sunday, March 22, 2026, in Midrand, South Africa. (LIV Golf via AP)<\/p>\n<p>\u201cI want to be crystal clear: Our season continues exactly as planned, uninterrupted and at full throttle,\u201d O\u2019Neil said. \u201cWhile the media landscape is often filled with speculation, our reality is defined by the work we do on the grass. We are heading into the heart of our 2026 schedule with the full energy of an organization that is bigger, louder, and more influential than ever before.\u201d<\/p>\n<p>Left unclear was how long the funding would last for LIV Golf, which launched in June 2022 by paying roughly $1 billion in signing bonuses to some of the PGA Tour\u2019s biggest names, such as Bryson DeChambeau, Brooks Koepka, Phil Mickelson, Dustin Johnson and Jon Rahm.<\/p>\n<p>Prize money for individuals and the 13 teams was raised to $30 million this year.<\/p>\n<p>\n          Koepka since has left LIV and was allowed to rejoin the PGA Tour this year with stipulations. Patrick Reed also left LIV and is playing a European tour schedule this year. He is virtually certain to be eligible to return to the PGA Tour in 2027 through the European tour points race.<\/p>\n<p>Questions about LIV\u2019s future funding were raised as the Public Investment Fund of Saudi Arabia revealed a new five-year investment strategy.<\/p>\n<p>\u201cThe 2026-30 strategy marks a natural evolution as PIF moves from a period of rapid growth and acceleration to a new phase of sustained value creation, with a strengthened focus on maximizing impact, raising the efficiency of investments, and applying the highest standards of governance, transparency and institutional excellence,\u201d the PIF said in a release.<\/p>\n<p>The plan was developed before the U.S.-Israel war against Iran. Yasir Al-Rumayyan, the PIF governor who loves golf and was behind LIV Golf, told the London-based Financial Times, \u201cOf course the war would add more pressure to reposition some priorities.\u201d<\/p>\n<p>LIV players at Chapultepec Golf Club for LIV Golf Mexico that starts Thursday did not have answers as speculation ran rampant throughout the day.<\/p>\n<p>One player said Al-Rumayyan met with players the first week of March in Hong Kong and said funding for LIV was set through 2032. The player spoke on condition of anonymity because the meeting was private. The player also said O\u2019Neil arrived in Mexico City Wednesday and was to meet with the players.<\/p>\n<p>LIV Golf promoted the Mexico event Wednesday evening on social media with the message, \u201cSlow news day? We are ON.\u201d<\/p>\n<p>LIV has played five events this year, in Saudi Arabia, Australia, Hong Kong, Singapore and South Africa. It celebrated an inspirational victory at its biggest event in Australia when Anthony Kim won after the American had been away for 12 years while battling drug and alcohol addiction.<\/p>\n<p>DeChambeau won the last two events in playoffs, and this week tries to become the first LIV player to win three in a row. DeChambeau, a two-time U.S. Open champion, missed the cut in the Masters last week.<\/p>\n<p>LIV\u2019s focus has been on a global reach, with its first U.S. tournament not scheduled until May 7-10 at Trump National in northern Virginia.<\/p>\n<p>\n\t\tWinnipeg Free Press | Newsletter\n\t<\/p>\n<p>\t\t\tThe Warm-Up<\/p>\n<p class=\"frequency\">Winnipeg Jets Game Days<\/p>\n<p>On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop.<\/p>\n<p>\t\t\t<a class=\"email-subscribe-link button the-warmup inline-block-logged-in\">Sign up for The Warm-Up<\/a><\/p>\n<p>\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/theWarm-up-tile.jpg\" alt=\"Sign up for The Warm-Up\"\/><\/p>\n<p>\u201cThe life of a startup movement is often defined by these moments of pressure,\u201d O\u2019Neil said. \u201cWe signed up for this because we believe in disrupting the status quo. We have faced headwinds since the jump, and we\u2019ve answered every time with resilience and grace. Now, we answer by doing what we do best: putting on the most compelling show in sports.\u201d<\/p>\n<p>He ended his note to the staff by saying, \u201cWe are pioneers, and while the road isn\u2019t always smooth, the destination is worth every mile. Let\u2019s go out and show the world why LIV Golf is the future of the game.\u201d<\/p>\n<p>LIV is in the second year of a Fox Sports television deal, with network putting it on various platforms like FS1. The opening round of the Mexico event has three hours on the Fox Sports app. The previous two years, its U.S. broadcast partner was the CW.<\/p>\n<p>___<\/p>\n<p>AP golf: https:\/\/apnews.com\/hub\/golf<\/p>\n","protected":false},"excerpt":{"rendered":"LIV Golf CEO Scott O\u2019Neil sought to quell speculation about the league\u2019s financial future Wednesday evening with a&hellip;\n","protected":false},"author":2,"featured_media":607203,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[443],"tags":[49,48,622,82],"class_list":{"0":"post-607202","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-golf","8":"tag-ca","9":"tag-canada","10":"tag-golf","11":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/607202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=607202"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/607202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/607203"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=607202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=607202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=607202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}