LIV Golf Pitch Deck Seeks Up to $350 Million in Capital Raise
Since the Public Investment Fund of Saudi Arabia pulled back on its financial support of LIV Golf, the upstart league has been looking for new investors and capital. Now, the details of LIV’s financial needs are starting to emerge. LIV Golf is seeking an investment ranging between $250 million and $350 million to continue operations beyond 2026, according to a recently distributed pitch deck viewed by Sportico .
Under its new business plan, which aims to operate a 10-event annual schedule, the tour anticipates reaching profitability after three years. In April, LIV Golf retained investment bank Ducera Partners to run the process, which officially began on Thursday. More from Sportico.
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Kalshi Retail Bettors Have Lost $100M+ on Parlays This Year “LIV Golf is firmly focused on securing a transaction that positions the organization for the long term,” the tour said in a statement. “In the coming days, we will be sharing the framework of our commercially rigorous, go-forward business plan with prospective capital partners. ” LIV Golf launched in 2022 with a team format, music on the courses, players wearing shorts, $25 million per tournament purses, 54-hole events and a global schedule.
In its quest to establish a rival to the PGA Tour, LIV Golf wrote big checks to lure some of the golf’s top stars to the nascent tour, reportedly making guarantees equal to or exceeding $100 million to Phil Mickelson, Dustin Johnson, Brooks Koepka, Bryson DeChambeau, Cameron Smith and Jon Rahm in its first two years in operation. PIF has invested more than $5 billion into LIV Golf thus far. And while that’s merely a drop in the bucket for one of the largest sovereign wealth funds in the world, which has $925 billion in assets under management, PIF took steps to cut costs before announcing in April it would no longer back LIV Golf beyond this season.
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