After the withdrawal of Saudi Arabian financial backing earlier this year, LIV Golf says it has secured a deal with an unnamed lead investor to continue next season.

LIV Golf says it has secured an unnamed lead investor to keep the competition running in 2027 after the withdrawal of Saudi Arabian financial backing. The Saudi Public Investment Fund (PIF) said in April it would end its multibillion dollar backing of the brekaway tour at the end of the season, plunging the future of the series into doubt. Chief exeuctive Scott O'Neil said a signed agreement with a new investor is in place and has been approved by the LIV Golf board, with the transaction expected to be completed in September. No details of the amount of money that will be invested were announced. PIF has invested more than $5bn (£3.71bn) since the league launched in 2022. O'Neil added LIV will make its players "majority equity holders" in the competition, calling it "a first for a major global sports league". The LIV press release said the proposed deal with the lead investor is for "2027 and beyond". The competition will reduce to 10 events from next season, with five in the United States and five held around the world. There were 14 events planned for the 2026 season but in April, LIV postponed June's New Orleans competition amid questions over its future and has not announced a rescheduled date.