Golf news

Thursday, 6 August 2026, 7:38 am

Thursday, 6 August 2026, 10:10 am

LIV Golf has a new investor.

In short:

LIV Golf got a new investor but did not say who it is.

The CEO said players will own most of the league.

What's next?

LIV Golf has an event in New Jersey this weekend.

LIV Golf got a new investor to keep going, and players will own most of it.

The investor agreed, and the LIV Golf board said yes.

The deal will be done in September. We don't know how much money it is.

LIV Golf will have 10 events next season, 5 in the US and 5 abroad.

LIV Golf was in trouble because Saudi Arabia stopped paying.

Saudi Arabia spent $7 billion on LIV Golf since 2022.

LIV Golf cancelled some events and might have gone bankrupt.

The new deal will help LIV Golf's future, which is about the players.

We talk about sports every day on ABC Sport Daily.

More investors might join, which will help LIV Golf grow.

Players will own most of LIV Golf, which is new for a big sports league.

We will finalize the deal soon and do it in September.

Now, we focus on the event in New Jersey and ending the season well.

We don't know how the players will own the league.

LIV Golf was looking for $250-350 million after Saudi Arabia stopped paying.

The new investor is good news for the Adelaide event in March.

If the investor stays, Adelaide's event will likely happen next year.

There might be fewer LIV Golf events, but Adelaide's will stay.

The SA government wants LIV Golf to succeed because they built a new golf course.

LIV Golf plays in New York this weekend at Trump National Golf Club.

Reuters/ABC

The ABC of SPORT

See more ABC sports news.

Promotion

Sport

Topic: Sport

Topic: AFL

Topic: Soccer

Topic: Road Cycle Racing

Topic: Soccer

Luyện nghe