LIV establishes new independent board in attempt to survive - ESPN

With Saudi Arabia's Public Investment Fund pulling its funding after the 2026 season, the LIV Golf League has established a new independent board as it attempts to survive as a «diversified, multi-partner investment model,» the league announced Thursday.

The new board will be led by investment bankers Gene Davis and Jon Zinman, who the league said have «proven track records of navigating complex situations and unlocking value for global organizations, to guide the league through its next phase.»

The PIF has invested more than $5 billion into LIV Golf since its first tournament in June 2022 and was reportedly spending $100 million per month this year.

PIF governor Yasir Al-Rumayyan is expected to step down as LIV Golf's chairman Thursday, sources confirmed to ESPN.

The PIF is expected to announce as early as Thursday that it won't fund the LIV Golf League beyond this season. During the broadcast of a tournament in Mexico City earlier this month, LIV Golf CEO Scott O'Neill said PIF has committed to keep the league going through its seven remaining tournaments this season.

The league and Louisiana Governor Jeff Landry announced Tuesday that a scheduled tournament in New Orleans had been postponed and a potential date in the fall was being considered.

A LIV Golf League official told ESPN on Thursday that next week's tournament at Trump National Golf Club outside Washington, D.C., will go off as planned.

«The reality is you're funded through the season and then you work like crazy as a business to create a business and a business plan to keep us going» O'Neil said during the broadcast of the opening round in Mexico City. «But that's not different from any other private equity-funded business in the history of man.»

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