US Edition
Embattled LIV Golf to Make 'Surprise' Changes: CEO
The league is exploring minority team sales and a Formula 1-style ownership model as it seeks new capital after spending about $5 billion, officials said.
- CEO Scott O'Neil announced structural changes that "might surprise some people" on Thursday, as LIV Golf scrambles to address collapse rumors amid questions about Saudi Arabia funding.
- The Saudi sovereign wealth fund has spent around $5 billion bankrolling LIV Golf since its 2022 launch, but multiple outlets reported this week the fund will shortly stop funding the divisive breakaway league.
- CEO Scott O'Neil said the league would "probably" have to raise money by selling stakes in LIV Golf's 13 team franchises, confirming he received "two calls this morning" on the topic Thursday.
- Despite the funding crisis, the current season continues "full throttle," and the Mexico City tournament began Thursday as planned, though broadcast coverage suffered a lengthy power outage.
- At a five-year plan presentation this week, LIV Golf stated it would focus on "increasing the efficiency of investments" as it navigates potential loss of Saudi backing and explores team ownership sales.
34 Articles
34 Articles
Clayton News
Rockdale Citizen & Newton CitizenLIV CEO claims 'business as usual' amid reports of demise
LIV Golf CEO Scott O'Neil admitted the nascent golf league's finances are "managed very tightly" and said structural changes are on the way, but he remained adamant Thursday that the league will not fold.
ABC FOX Montana
Embattled LIV Golf to make 'surprise' changes: CEO
LIV Golf is preparing to make structural changes that "might surprise some people," CEO Scott O'Neil said Thursday, as the embattled breakaway league scrambles to fend off rumors it could soon collapse without Saudi funding.
CEO: Embattled LIV Golf to make 'surprise' changes
MEXICO CITY: LIV Golf is preparing to make structural changes that “might surprise some people,” CEO Scott O’Neil said Thursday, as the embattled breakaway league scrambles to fend off rumors it could soon collapse without Saudi funding.
What for the money was born, for the money can die four years later. World golf has again been agitated by the uncertainty about the future of LIV Golf, to which many experts are condemned to disappear, with expiration date in August that is when it will conclude its fifth edition. Coinciding with the start this Thursday of the Mexico City appointment in Chapultepec, the sixth of the year in the Saudi circuit, the comments, analyses, information…
LIV Golf CEO Scott O'Neil Talks About Structural Changes Amidst Reports of Closure of PIF-Backed Tour
In the past few days, there have been several reports about the closure of the LIV Golf league. In the The post LIV Golf CEO Scott O’Neil Talks About Structural Changes Amidst Reports of Closure of PIF-Backed Tour appeared first on FirstSportz.
Coverage Details
Bias Distribution
- 74% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
