LIV Golf seeks $250M to stay afloat
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- LIV Golf plans to raise up to $250 million from new investors after losing Saudi PIF support, with a deadline to close the round by early October.
- Ducera Partners will manage the fundraising process, while Alix Partners and LIV’s two new board members have reviewed the plan.
- LIV Golf will share the fundraising plan with its players, including stars Jon Rahm and Bryson DeChambeau, early this week.
- Prospective investors are told that $250 million could bring LIV to profitability within roughly 20 months, while a smaller $150 million raise would rely on rising team values and a new media‑rights deal.
- Saudi PIF still owns almost all of LIV and about 75 % of each team, but its withdrawal of backing has deterred some sponsors, golfers, and audiences.
- Bridge financing may be sought if the fundraising round is not completed by the early‑October deadline.
Why it matters: The fundraising would let LIV replace the Saudi cash cushion, re‑engaging sponsors and golfers that the PIF’s involvement had turned off, while investors are promised profitability within 20 months; if the round fails, LIV may need bridge financing to keep the league operating.
