PIF
Coverage of PIF in the Nexus archive.
- LIV Golf CEO refuses to guarantee circuit's remaining events will go on as scheduled with awkward sales pitch
LIV Golf CEO Scott O'Neil refused to confirm whether the remaining four 2026 season events will proceed as scheduled, despite Saudi Public Investment Fund (PIF) reports of potential funding cuts. A PIF partner described the events as 'on the fence,' while O'Neil evaded direct answers during a CNBC interview, instead promoting investment opportunities. The PIF has invested over $6 billion in LIV Golf since 2021 but has not seen a return, leading to the funding cutoff after 2026.
- As LIV Golf faces a Saudi funding cliff, CEO says to take PIF 'at their word'
PIF is set to stop funding LIV Golf after the 2026 season, but CEO O'Neil cannot guarantee the final four tournaments will occur. The CEO advises taking PIF's commitment 'at their word' despite the funding uncertainty.
- LIV Golf seeks to raise up to $350 million from investors as post-PIF reality sets in
LIV Golf is seeking to raise up to $350 million from investors as it navigates its business operations following the post-PIF era. The golf league is preparing to pitch its updated business plan to potential investors starting as soon as Thursday.
- LIV Golf Taps Advisers to Find New Investors After PIF’s Exit
LIV Golf is seeking new investors after PIF's exit, and has tapped advisers to find them. This move comes as LIV Golf continues to operate in the golf industry. The company is looking to secure new funding