By Prof Dr Ian Blackshaw
LIV Golf, the breakaway professional men’s golf tour, have announced new funding arrangements for 2027 and beyond.
These include an agreement, which has been approved by the board and signed, with a lead investor to fund the league starting in 2027, filling the gap left by the Saudi Arabia Public Investment Fund.
The identity of this investor and the financial details have not been made public.
LIV players will become majority equity partners in the new arrangements, and the tour plans to become a leaner and more independent business model.
Others have expressed interest in becoming minority partners in the tour.
The tournaments are expected to reduce from 14-15 to 10, comprising half in the US and half internationally.
Also, prize money is expected to reduce to around US$10 million (around €8.6 million) per event, from previous highs of US$30 million (around €25.9 million).
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