LIV Golf Has Received About $200M of the $600M It Needs to Finish 2026. Two Tournaments May Not Happen.

The Numbers

LIV Golf received approximately $66 million from the Saudi Public Investment Fund in May and $130 million in June, according to the Financial Times. That's roughly $200 million total since the PIF announced in April it was pulling out at the end of 2026.

The problem: LIV reportedly needs $600 million to close out the season. The gap is approximately $400 million, covering player contracts, operating costs, and prize purses for the remaining events.

Funding has reportedly been secured for the UK event at JCB Golf & Country Club in late July and for the tournament at Trump National Golf Club Bedminster in New Jersey. The Mirror US reported those details, as did KOTA Radio's report citing the Financial Times.

The two events in doubt are the late-August stops in Indianapolis and Michigan.

What the CEO Actually Said

LIV Golf CEO Scott O'Neil has not committed to a straight answer on whether those events will happen.

Asked directly if he could guarantee the four remaining calendar events would take place, O'Neil said: "What I can guarantee is a heck of a return if you come invest in this business."

In a separate exchange, O'Neil framed the PIF relationship positively: "You have to take an incredible organization like PIF at their word, and they've been very public about funding us through the season. We are full steam ahead."

LIV also has advisory relationships with AlixPartners, law firm Gibson Dunn, new board members Gene Davis and John Zimmon, and a lead bank that O'Neil identified as "Sarah's." The Mirror US reported the reference but did not clarify further.

The Season Is Already Shortened

This isn't a new crisis. The New Orleans event scheduled for late June was already cancelled weeks ago, according to KOTA Radio. O'Neil had publicly pledged the season would continue "full throttle" before that cancellation.

Four events remain on the 2026 schedule. Two appear funded. Two don't.

The Strongest Case for the PIF

There is a fair argument that the PIF's behavior here is not reckless abandonment. The fund did commit to financing LIV through the end of the 2026 season on the record and publicly. It has released $200 million since the exit announcement, which is a meaningful sum even if it falls well short of what's needed. The PIF is one of the largest sovereign wealth funds in the world, with assets well north of $700 billion. The money exists. The question is whether the fund considers it worth deploying for events that will generate no ongoing return once the sponsorship ends. That is a legitimate business calculation, not a default.

Bryson DeChambeau told reporters he was surprised by how quickly the PIF moved, according to The Mirror US, noting LIV had only been operating for five years and had genuinely disrupted the professional golf industry. LIV did force the PGA Tour to change its prize structure and scrambled the global golf landscape in ways that were widely dismissed as impossible when it launched.

What Happens to the Players

Golfers on the tour are in an uncomfortable position. Some have committed to staying with LIV as long as it operates. Others, including DeChambeau, have floated alternatives. DeChambeau mentioned potentially going full-time with his YouTube golf channel if LIV folds.

A return to the PGA Tour is an option for some, but not a clean one. Players who left under contentious circumstances would need to negotiate reinstatement, and the PGA Tour has little incentive to roll out the welcome mat on favorable terms.

No Announcement on the Indiana and Michigan Events Yet

As of June 12, 2026, neither LIV Golf nor the PIF has publicly announced a decision on the Indianapolis or Michigan events. The Financial Times reporting establishes the funding gap. O'Neil's public statements acknowledge the uncertainty without resolving it. The $400 million either arrives or it doesn't, and the PIF's silence on the specific question of those two tournaments is the most concrete unresolved fact in this story.