LIV Golf seeks to raise up to $350 million from investors as post-PIF reality sets in
LIV Golf is seeking to raise between $250 million and $350 million from investors to sustain operations beyond the current season. This move follows the announcement that Saudi Arabia's Public Investment Fund will cease funding after the 2026 season. The league is exploring various strategies, including potential bankruptcy, to restructure its business and achieve profitability.
- ▪LIV Golf is preparing to present an updated business plan to potential investors.
- ▪The league aims to raise between $250 million and $350 million to continue operations.
- ▪Saudi Arabia's Public Investment Fund will stop funding LIV after the 2026 season.
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LIV Golf is preparing to take its updated business plan and investor pitch on the road as soon as Thursday, in an effort to raise fresh capital to continue operations past the end of the current season, people familiar with the plans told CNBC. The upstart golf circuit will be seeking financing in the range of $250 million to $350 million from potential investors, according to the people, who requested anonymity given the confidential nature of the discussions. The capital raise plans are being taken to market by boutique investment bank Ducera Partners, which is advising LIV Golf.
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