Report: LIV Golf plans reduced 10-event schedule in major overhaul for 2027

LIV Golf is reportedly preparing to launch a major fundraising drive centred around a reduced 10-event international schedule as the league looks to secure its future beyond 2026.

The breakaway league currently operates under a 14-event season schedule. 

According to CNBC, LIV executives are set to begin pitching a revised business model to potential investors in a bid to raise between $250 million and $350 million in fresh capital. 

Boutique investment bank Ducera Partners is reportedly overseeing the process.

The proposal allegedly outlines a streamlined global calendar focused on team events, with LIV Golf using strong attendances in Australia and South Africa as evidence of the league’s international potential.

Investor documents seen by CNBC reportedly describe plans to “fully recapitalise LIV” while creating a pathway towards profitability within the next few years.

The move follows official confirmation that Saudi Arabia’s Public Investment Fund (PIF) will stop funding LIV Golf after the 2026 season. 

The PIF is believed to have invested more than $5 billion into the breakaway circuit since its launch in 2022.

Former chairman Yasir Al-Rumayyan has since stepped away from his role, with LIV recently appointing a new independent board led by Gene Davis and Jon Zinman.

Questions now surround how LIV plans to reduce costs while continuing to manage the enormous player contracts that helped attract stars away from the PGA Tour.

Earlier this week, Bloomberg also reported LIV had explored bankruptcy as a possible option to restructure parts of the business and reduce financial obligations.

Despite the uncertainty, LIV insists discussions with investors are ongoing and that the league remains committed to long-term growth.

CEO Scott O'Neil is now tasked with reshaping LIV’s business strategy without the unlimited backing previously provided by Saudi Arabia’s sovereign wealth fund.

The league’s revised vision reportedly places even greater emphasis on team golf, with executives believing franchise-style competition, sponsorship growth and expanding digital audiences can help drive future revenues.

Several LIV players have also publicly backed the league’s future.

Speaking recently at the PGA Championship, Jon Rahm admitted players may need to accept “concessions” as LIV adapts its business model moving forward.

Meanwhile, reports continue to link several LIV golfers with possible returns to the PGA Tour as uncertainty surrounding the circuit continues to grow.