LIV Golf is nearing a new funding arrangement that could keep the circuit operating through at least 2027, but the league is still facing serious financial pressure. The reported plan would also help launch a reduced version of the competition, described as LIV 2.0, as executives try to stabilize the business.

The uncertainty follows a pullback in funding from Saudi Arabia’s Public Investment Fund, which had been central to LIV Golf’s backing. With that support no longer secure in the same way, the league’s future has become less certain and bankruptcy is being discussed as a possible outcome if fresh capital is not finalized.

CEO Scott O'Neil, who joined LIV last year, is said to be close to completing a deal that would give the league more runway. A successful agreement would buy time for a reworked operating model and suggest LIV is preparing to continue in a leaner form rather than expand at the same pace as before.

For now, LIV Golf appears to be at a pivotal moment. A new financing package could steady the league and reshape its next phase, while any setback in talks would leave questions about how long the tour can keep going under its current structure.