The majority of staff at the beleaguered LIV Golf property will be made redundant next week, as the teams-based series battles to secure any kind of future from next season.
This comes with Saudi Arabia's Public Investment Fund (PIF) – the government-backed entity that has supported the series financially since it launched five years ago – set to withdraw its funding at the end of the ongoing 2026 season.
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As such, regardless of whether LIV can find a new investor or investors to help the series continue in 2027 and onwards, LIV is being forced to cut its headcount dramatically.
The majority of series staff will therefore have their contracts come to an end in early September.
The Sky Sports media outlet has been told by a LIV spokesperson: "The funding commitment announced by PIF earlier this year will reach its conclusion. As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality."
Peak staffing levels worldwide at LIV previously topped 300.
The 2026 LIV Golf season came to an end a week earlier than planned, with the Team Championship in Michigan – meant to bring the 2026 campaign to a close – eventually being canceled amidst the uncertainty.
It has been reported that the league's hierarchy – led by Scott O'Neill – is currently in discussions with a range of potential investors.
Proposals – according to these reports – include the option of turning LIV Golf into a property that is majority-owned by its competing players.
Earlier this month, O'Neill claimed that the series had secured investment from a source – which he did not name – that would allow it to function beyond 2026.
It was reported at that time that the players would be involved as equity holders – not only in 2027, but also three 2030.
In early May, LIV hired international investment bank Ducera Capital to help lead a new investment charge as it seeks to extend its position in the sports industry beyond 2026.
Overall, LIV has made net losses outside the US of over $1.1 billion since 2021, as of its 2024 financial results, including a post-tax loss of $461.8 million across the 2024 calendar year.
However, the series does claim that sponsorship revenue has grown 40% year-on-year, and that ticket sales have grown by 130% in the same period.
