Report: LIV Golf running on loans for second half of 2026 season
Report: LIV Golf running on loans for second half of 2026 season
Cameron Jourdan, Golfweek Thu, June 18, 2026 at 2:04 PM UTC
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Report: LIV Golf running on loans for second half of 2026 season
In the midst of a seven-week stretch with no golf tournaments, reports surfaced Thursday suggesting LIV Golf is running on loans, not capital, for the remainder of 2026.
Money in Sport reported the league has put a lending facility in place while management focuses on bringing in new investors and fresh capital. With the loss of funding from the Public Investment Fund after the 2026 season, LIV Golf brass has been busy working to find new investors for the league to continue in 2027 and beyond.
More: LIV Golf CEO avoids guarantee on remaining schedule
In 2026, the PIF has provided LIV Golf with $333 million in capital. Money in Sport estimates the league spends roughly $100 million a month, meaning that money is enough for only 3-4 months' worth of expenses.
"It's impossible to estimate when LIV's cash might run out because we don't know how much its cash balances were at the point the new capital was received," Money in Sport writes.
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On June 4, LIV Golf Ltd filed a 48-page Debenture agreement in the UK, which provides security to its lender, the PIF. "This agreement refers to a Facility Agreement which is not available from Companies House," Money in Sport continues. "The Facility Agreement would set out the borrowing facilities available to LIV and associated terms and conditions."
What does that mean? Essentially, the arrangements insinuate that new funds for LIV would be provided as loans rather than fresh capital from the PIF. The amounts involved, and the conditions attached to the loans, aren't known. "It's conceivable that loans from PIF will only be forthcoming once commitments are received from new investors," per Money in Sport.
That means the clock is ticking even louder for CEO Scott O'Neil and Co. to secure funding for LIV Golf moving forward.
Cameron Jourdan is an assistant editor of Golfweek, focusing on college and amateur golf as well as LIV Golf and the PGA Tour.
This article originally appeared on Golfweek: Report: LIV Golf running on loans for second half of 2026 season
Source: “AOL Sports”
