LIV Golf laying off almost everybody as ‘next chapter’ begins…
LIV Golf goes ahead with its plan to put off the “majority” of its United States and United Kingdom workers in the first week of September, Sportico reported.
This employees discount is being offered as a approach to safe the flailing league’s future after Saudi Arabia’s Public Investment Fund (PIF) ended its monetary backing.
LIV Golf reportedly filed a Worker Adjustment and Retraining Notification Act discover in July in preparation for such a transfer.
LIV Golf CEO Scott O’Neill poses for a photograph with Power Player of the Year Josele Ballester during the final round of the LIV Golf Indianapolis golf tournament at The Club at Chatham Hills in Westfield, Indiana, on Sunday, August 23, 2026. IMAGN IMAGES by way of Reuters Connect
“We are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality,” a LIV spokesperson told Sportico.
“We are grateful to our employees for their hard work and dedication in building LIV Golf, and we remain committed to supporting those affected through this transition.”
While anticipated, this is a tragic development for the rival league that has taken blow after blow over the past few months.
There are questions about the future of the league without having the backing of the PIF, however The Post completely reported last month that the league landed a new monetary backer.
The new assist is anticipated to be offering roughly $250 million-$300 million for what’s being branded LIV 2.0.
LIV Golf’s stars met with the particular person — reportedly Ted Goldthorope of BC Partners — not too long ago. Goldthorpe has not been publicly named by LIV.
Scott O’Neil presents Michael La Sasso the first place trophy during the final round of the LIV Golf Indianapolis golf tournament at The Club at Chatham Hills in Westfield, Indiana, on Sunday, August 23, 2026. IMAGN IMAGES by way of Reuters Connect
“You have a visionary, charismatic, driven, well-connected leader, investor, businessman who answered questions with grace, shared his vision, and I think was able to convey a lot of the things that players and GMs and my colleagues wanted to hear,” LIV Golf CEO Scott O’Neil said last week, per Sportico.
“It was a fantastic meeting.”
LIV Golf prematurely concluded its 2026 season over the weekend, and the plan is for a 10-event schedule shifting ahead, per Sportico.
The league initiatives will probably be worthwhile after three years, according to Sportico, despite reportedly shedding more than $1.1 billion from 2022-24.
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