LIV Golf CEO confirms Saudi funding will end but says he has a plan that 'might surprise some people'

LIV Golf CEO Scott O'Neil confirmed reports that the Saudi Arabian Public Investment Fund volition halt giving wealth to the play league aft this season.

However, O'Neil told TNT Sports that helium has a "plan" that "might astonishment immoderate people."

"The world is you're funded done the play and past you enactment similar brainsick arsenic a concern to make a concern and a concern program to support america going. But that's not antithetic from immoderate different backstage equity-funded concern successful the past of man," O'Neil said up of the play tour's adjacent lawsuit successful Mexico City connected Thursday.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Scott O'Neil attends a property league successful Johannesburg to denote LIV Golf's instrumentality successful 2027 connected March 22, 2026. (Johan Rynners/Getty Images)

Despite the uncertainty, O'Neil is taking the situation caput on.

"How we spell guardant is what I'm truly excited about. I talked astir immoderate structural changes - they're coming. You tin inquire conscionable astir the 50 radical I met astatine Augusta, I rolled retired the plan. We person one, it mightiness astonishment immoderate people..." helium said.

"This conception of, 'Do you person to rise money?' Probably. This is business. But if we support the trajectory going the mode we are and the gross maturation going, this is going to beryllium a truly bully concern for a truly agelong time."

Sources told Fox News that the Saudis will stop backing LIV after the 2026 season. The Financial Times was the archetypal to study the news.

O'Neil wrote a memo to LIV employees obtained by Fox News Digital that confirmed that the play was going to spell "exactly arsenic planned, uninterrupted, and afloat throttle."

Scott O'Neil during time 4 of LIV Golf South Africa astatine The Club astatine Steyn City successful Johannesburg connected March 22, 2026. (Johan Rynners/Getty Images)

GOLF ANALYST BRANDEL CHAMBLEE RIPS LIV GOLF AS REPORTS FUEL SPECULATION ABOUT ITS FUTURE: 'LAME-BRAINED TOUR'

"While the media scenery is often filled with speculation, our world is defined by the enactment we bash connected the grass. We are heading into the bosom of our 2026 docket with the afloat vigor of an enactment that is bigger, louder, and much influential than ever before," O'Neil wrote.

"The beingness of a startup question is often defined by these moments of pressure. We signed up for this due to the fact that we judge successful disrupting the presumption quo. We person faced headwinds since the jump, and we’ve answered each clip with resilience and grace. Now, we reply by doing what we bash best: putting connected the astir compelling amusement successful sports."

"The sound you perceive is simply the dependable of a question that is working. Embrace it. We are pioneers, and portion the roadworthy isn’t ever smooth, the destination is worthy each mile," helium said. "Let’s spell retired and amusement the satellite why LIV Golf is the aboriginal of the game. It matters. You mattered. Now, let’s spell win.

"Long LIV Golf."

LIV began successful 2022 and has produced 2 large winners successful Brooks Koepka, who has since rejoined the PGA Tour, astatine the 2023 PGA Championship, and DeChambeau astatine the 2024 U.S. Open.

(L-R) Former U.S. President Donald Trump, his excellency Yasir Al Rumayyan, Greg Norman, CEO and commissioner of LIV Golf, and Majed Al Sorour, CEO of Saudi Golf Federation, are seen connected signifier during time 3 of the LIV Golf Invitational - Bedminster astatine Trump National Golf Club Bedminster connected July 31, 2022 successful Bedminster, New Jersey. (Charles Laberge/LIV Golf)

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

LIV Golf shifted from its 54-hole format, a gully for golfers defecting from the PGA Tour, to 72 opening this season. Patrick Reed is also set to rejoin the PGA Tour.

Follow Fox News Digital’s sports sum connected X, and subscribe to the Fox News Sports Huddle newsletter.