LIV Golf CEO Scott O’Neil says the breakaway tour is set to receive a $250 million cash injection from a new investor whose identity has not been disclosed. The announcement offers a potential financial lifeline for the circuit as it faces uncertainty over its funding model.

The development follows indications that Saudi Arabia’s Public Investment Fund will no longer finance LIV Golf after the 2026 season. That change had raised questions about whether the relatively young tour could continue at its current scale.

O’Neil’s update suggests the mystery backer could help LIV Golf remain operational beyond that funding transition. Alongside the investment, the CEO has pointed to a major change designed to improve the experience for players, although the available details do not specify how the adjustment will work.

The announcement represents a significant shift for a tour that had appeared increasingly vulnerable. Its long-term direction will depend on the new investor arrangement and how LIV Golf manages the next phase after the PIF support is expected to end.