Former LIV Golf CEO gives honest verdict on breakaway league’s decline
- Greg Norman, the former chief executive of LIV Golf, has expressed his disappointment at the decline of the breakaway league, and admitted in an interview with Skratch that he would rather see the venture end rather than wither away.
- The financial crisis follows the withdrawal of backing from Saudi Arabia’s Public Investment Fund after a $5 billion (£3.6 billion) investment over five years, resulting in smaller prize purses and a scaled-back schedule.
- Current chief executive Scott O’Neil admitted the league is operating under a “compressed timeline” to complete a financial transaction to secure operations from 2027 to 2030.
- Investment group BC Partners, led by Ted Goldthorpe, has reportedly agreed a term sheet to become the prospective lead investor for the league.
- The proposed new financing deal remains strictly conditional upon securing long-term commitments from a majority of LIV Golf’s top player roster.
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