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LIV Golf possibly isn’t dying after all as rebel league is reportedly closing in on $250M cash infusion

First publishedJul 30, 00:23 UTC
Last updatedJul 30, 20:06 UTC · 6m ago
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LIV Golf possibly isn’t dying after all as rebel league is reportedly closing in on $250M cash infusion
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Answer

For four years, golf’s establishment insisted LIV Golf was a temporary, Saudi-funded experiment destined to implode the moment the oil money dried up.Golf's media establishment mocked defectors as sellouts and eagerly counted down the days until LIV's collapse.Put those obituaries on hold.LIV Golf is reportedly close to finalizing more than $250 million in outside investment, according to the New York Post. Multiple investment firms have submitted written commitments and qualified term sheets as part of a financing syndicate designed to keep the league operating through 2027 and beyond.TRUMP WEIGHS IN ON LIV GOLF, PGA TOUR AFTER SAUDIS PULL FUNDING OF STARTUP LEAGUEThe deal is not complete, and LIV declined to comment.

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LIV Golf, a golf league backed by Saudi money, is close to getting more than $250 million in new investment. Several investment firms have sent written promises and term sheets for the deal. The money would let the league keep running through 2027 and beyond. This news suggests the league may survive despite earlier predictions of its collapse.

Why it matters

Readers who follow golf or sports business should care because the investment could change the future of professional golf. It shows how outside money can keep a controversial league alive.

In brief
What is LIV Golf?
LIV Golf is a professional golf league funded by Saudi Arabia that started in 2022.
How much money is LIV Golf close to receiving?
It is close to finalizing more than $250 million in outside investment.
Until when would the new money keep the league operating?
The funds would support the league through 2027 and beyond.
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All outlets frame the story similarly, highlighting the potential $250M investment as a sign that LIV Golf may survive.

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    LIV Golf possibly isn’t dying after all as rebel league is reportedly closing in on $250M cash infusion

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