LIV Golf Signs $300 Million Term Sheet; Loan or Equity Unclear

By Staff Writer

August 30, 2026

3 min read

LoopGolf

Key takeaways

LIV Golf CEO Scott O'Neil said at Bedminster that an investor has signed a $300 million term sheet.
Bloomberg reported the backer is using a credit arm, suggesting the money is structured as a loan rather than a straight equity investment.
A reported blueprint would shrink LIV to 10 events in 2027 with lower purses and international team majors.
LIV chair Yasir Al-Rumayyan has stepped down from day-to-day involvement in the league as the restructuring unfolds.
The Public Investment Fund has put roughly $5 billion into LIV since its launch, according to prior reporting.

LIV Golf CEO Scott O'Neil told reporters at Bedminster that an investor has signed a term sheet for $300 million in new funding. The announcement confirms a commitment in principle, but not the investor's identity, how much money has actually changed hands, or whether the financing is structured as equity or debt.

Is the $300 million a loan or an investment?

A term sheet is a negotiated outline, not signed, binding financing with a repayment schedule and covenants attached -- that would be a definitive agreement, which LIV has not published. Bloomberg has reported that the backer is working through a credit arm rather than making a direct equity purchase, which points toward the deal functioning more like a loan. Debt is typically repaid ahead of equity holders, so if that structure holds, any player equity tied to league ownership would sit behind the lender in line for repayment.

What is the reported "LIV 2.0" plan?

People briefed on LIV's plans have described a smaller 2027 model: roughly 10 events, reduced purses and a shift toward international team majors, in place of the larger current calendar. No final 2027 schedule or purse structure has been confirmed.

A signed term sheet is a commitment in principle, not money in the bank.

Why is LIV facing vendor lawsuits and layoffs?

The financing news follows a string of vendor lawsuits against the league, including claims from Fantasy Interactive, Deltatre, Fresh Tape Media and Mobii Systems, plus a WARN notice tied to a September 1 termination date for some staff. Those filings show a league managing near-term cash pressure at the same time it is trying to close new financing.

What else has changed at the top of LIV?

Yasir Al-Rumayyan has stepped back from day-to-day involvement as LIV's chair, a leadership shift that lands alongside the financing questions rather than resolving them. The Public Investment Fund has put an estimated $5 billion into LIV since the league's 2022 launch, which is the backdrop against which a $300 million term sheet is being weighed.

Could LIV players return to the PGA Tour?

PGA Tour commissioner Brian Rolapp has discussed a Returning Member Program as a possible pathway back for LIV players, though eligibility and timing remain PGA Tour policy decisions rather than settled fact. LIV also lost its route to Official World Golf Ranking points after the PGA Tour, DP World Tour and Asian Tour struck their own alliance, a separate problem from the league's financing that still shapes how valuable any LIV contract is to the players holding one.

Frequently asked questions

Has LIV Golf's $300 million funding closed?

Not according to the public record. O'Neil confirmed a signed term sheet, which is a negotiated outline rather than completed, binding financing.

Is LIV Golf's new funding a loan?

Bloomberg has reported the investor is using a credit arm, which suggests a loan-like structure, but LIV has not released final terms confirming whether the deal is debt or equity.

What is LIV Golf 2.0?

It is a reported plan to shrink LIV to about 10 events in 2027 with lower purses and more international team major events, pending final approval and financing.

Why did LIV Golf face vendor lawsuits?

Multiple vendors, including Fantasy Interactive and Mobii Systems, have filed claims over unpaid amounts, arriving alongside layoffs tied to a September 1 termination date.