LIV secures new lead investor, says CEO O'Neil

Aug 5 : LIV Golf has secured a new lead investor in a deal expected to be agreed in September, Chief Executive Scott O'Neil said on Wednesday, providing a funding boost for the breakaway circuit as it prepares for a future without backing from Saudi Arabia's Public Investment Fund (PIF).Sovereign wealth fund PIF, which has invested more than $5 billion in LIV Golf since its launch in 2022 and lured many leading players away from the PGA Tour, said in April that further investment in the circuit no longer aligned with its strategy."LIV Golf has an agreement in place with a lead investor, signed by the investor and approved by the board, to anchor the transaction and support the league's next era," O'Neil said in a statement."We're also seeing strong interest from more than a dozen additiona