LIV Golf League CEO Scott O'Neil has confirmed that a deal has been agreed for investors have come on board to save the circuit's future.
In a statement from O'Neil, it read: "LIV Golf has an agreement in place with a lead investor, signed by the investor and approved by the Board, to anchor the transaction and play a key role in supporting the path forward for the League’s next era, driven by and for the players.
"We’re also seeing strong interest from more than a dozen additional parties to potentially serve as minority investors, creating a multi-partner model built for long-term stability and growth.
"Notably, our next chapter will make our players the majority equity holders in LIV Golf, a first for a major global sports league, and gives the League the foundation to keep growing the game worldwide.
"We anticipate finalizing terms in the coming weeks, with the goal of entering a transaction in September. In the meantime, our focus is on delivering a great week for fans and players at Bedminster and finishing the 2026 season strong.’"
The announcement comes just a day after O'Neil held a meeting with LIV players, which was followed by a players-only meeting led by two-time US Open winner Bryson DeChambeau.
As of writing, the investors aren't publicly known, with the reported figure sitting between $250m and $300m.
It has also been reported that, for 2027, the League will move to ten events, with five taking place in the US and five worldwide. This would be four fewer than the 14 in the schedule for this year.
It's still not confirmed as to whether the Michigan Team Championship will go ahead in 2026, though, with no update provided during the meeting.
It's not just tournament purses, though, as reports on X from Monday Q Info and Flushing It Golf suggest Jon Rahm is allegedly still owed "as much as $150m" from his LIV contract.
The Spaniard, who joined LIV Golf for a huge nine-figure sum back at the start of 2024, signed a contract that was reportedly 'back loaded', meaning he could miss out on some of the money he signed for if the circuit were to go bust.
Rahm has been coy on his LIV future in recent weeks. When asked if he will still be a LIV player next year, he said at JCB last week: "I'm not going to share anything that I can't share with you guys right now."
"So many of them came because this was a good opportunity for them to make some money, and this second bite at the apple is equity instead of cash," O'Neil told media on Wednesday.
"That's great. That's an unbelievable opportunity."
The LIV CEO spoke to reporters ahead of the New York event at Trump Bedminster, when he remained coy on any details from the new agreement.
He also could not confirm if it would allow for Rahm and Bryson DeChambeau to continue.
"Would certainly love them to come along for the ride and journey because they carry maybe more weight than anybody in the game and I have a lot of time for that," he said when specifically asked about his two biggest stars.
"I think we have enough support from enough players, and we have such an interesting format and global format, I think we'll do quite well in getting the right stars for this game."
While huge efforts have gone in to saving LIV and creating a 2.0 version for 2027, O'Neil did suggest the circuit's future could be secured beyond just next year. He was asked if there will be a LIV Golf season in 2027 if the investment goes through, and simply responded: "And '28 and '29 and '30."
