LIV Golf has “received ‘multiple written commitments from blue-chip investment firms that would serve as anchor investors to support the league’ going forward.” LIV Golf Boston GETTY copy
LIV Golf has “received ‘multiple written commitments from blue-chip investment firms that would serve as anchor investors to support the league’ going forward,” according to sources cited by Mark Cannizzaro of the N.Y. POST. LIV Golf CEO Scott O’Neil is “believed to have been seeking between” $250M-$300M. The prospective investors “have submitted qualified term sheets” that would “support the formation of a financing syndicate with sufficient backing to capitalize” what LIV Golf is calling “LIV 2.0.” Sources added that LIV has “also attracted interest from additional investors looking to participate alongside those anchor investors.” There are “believed to be some high-level meetings scheduled to take place next week” at the LIV event at Trump Bedminster in N.J., meetings that will include O’Neil and LIV players. The sources said that the “expectation is that a deal will be finalized ‘sometime in September.’” But it is unclear how LIV will look in 2027 as it moves forward. There has been “talk of a heavier emphasis on team golf, but that remains to be seen.” Under the proposed structure outlined in the term sheet, LIV players will “own a majority stake in the league” (N.Y. POST, 7/29).