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An agreement with an unnamed investor is approved by the LIV Golf board to replace Saudi Arabia deal. LIV Golf has secured a “lead investor” to keep the lights on, and the league will move forward with players becoming majority equity holders, CEO Scott O’Neil has announced. A signed agreement is in place with the unnamed investor and has been approved by the LIV Golf board, O’Neil said on Wednesday. The transaction is expected to close in September. No details on the amount of the capital infusion were announced.
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LIV Golf cancelled its New Orleans event in June and reportedly has nixed its season-ending team championship, scheduled to be held this month in Michigan.
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