- Greg Norman, the former chief executive of LIV Golf , has expressed his disappointment at the decline of the breakaway league, and admitted in an interview with Skratch that he would rather see the venture end rather than wither away.
- The financial crisis follows the withdrawal of backing from Saudi Arabia’s Public Investment Fund after a $5 billion (£3.6 billion) investment over five years, resulting in smaller prize purses and a scaled-back schedule.
- Current chief executive Scott O'Neil admitted the league is operating under a “compressed timeline” to complete a financial transaction to secure operations from 2027 to 2030.
- Investment group BC Partners, led by Ted Goldthorpe, has reportedly agreed a term sheet to become the prospective lead investor for the league.
- The proposed new financing deal remains strictly conditional upon securing long-term commitments from a majority of LIV Golf's top player roster.
IN FULL
Greg Norman ‘gutted’ by LIV Golf’s demise: ‘I would rather just see it end’
