Dialogue about LIV’s future went into overdrive earlier this month because the tour ready for its newest occasion in Mexico.
A number of media retailers – throughout golf, sports activities information and finance – reported its imminent closure, earlier than chief government O’Neil insisted it was enterprise as standard in a tubthumping e mail to employees.
It was putting O’Neil solely spoke about 2026 and didn’t deal with what may lie forward.
Gamers have been advised final month that funding was in place till 2032 however well-placed figures in European golf advised BBC Sport they imagine PIF is withdrawing its monetary help.
One supply mentioned he absolutely anticipated 2026 to be LIV’s final season and one other felt its management was making an attempt to persuade itself different income might be discovered.
However many – as one summarised – assume it might crumble shortly.
The LIV venture, which pivoted to a extra conventional 72-hole format this yr, has been bankrolled by an eye-watering sum of money from PIF.
The general funding surpassed $5bn (£3.8bn) when fresh capital of $266.7m was injected earlier this year, external.
The tour’s web losses in markets exterior the US elevated to $462m (£340m) in 2024, that means it had misplaced greater than $1.1bn (£810m) because it was established in 2021.
With huge quantities of cash pumped into the US arm of the operation, losses look more likely to run to a number of billion {dollars}.
