Report: LIV Golf to share $250m fundraising plans with Bryson DeChambeau and Jon Rahm

LIV Golf will share fundraising plans with Bryson DeChambeau and Jon Rahm this week, according to a report. 

The breakaway tour faces an uncertain future after Saudi Arabia''s PIF confirmed last month they are withdrawing its multibillion dollar backing of LIV Golf at the end of the season. 

It has been reported that the PIF have injected between $5 and $8 billion since the league's inception in 2022. 

They have decided to pull the plug as the substantial sum of money required to fund LIV is "no longer consistent with the current phase" of their investment strategy. 

LIV Golf chief executive, Scott O'Neil, struck a defiant tone when speaking to reporters about their chances of survival two weeks ago in Virginia. 

O'Neil later told GOLF that he and two new board members will spend few months shopping to outside investors, targeting "private equity, family offices and high net-worth billionaires". 

He also believes that DeChambeau, 31, will extend his stay with LIV despite being out of contract at the end of the season. Rahm's deal runs through to 2028. 

AXIOS are now reporting that LIV's fundraising plan includes the desire to raise a whopping $250m from investors. 

The plans will be shared to the league's players, including star names Rahm and DeChambeau, this week before going to market. 

Prospective investors will be told that the full $250m could get LIV to profitability within 20 months. 

A secondary option exists of $150m, but is contingent on team sales and a new media rights deal. 

Jon Rahm doesn't envy LIV Golf bosses

Rahm was asked about the future of LIV Golf before last week's PGA Championship. 

The Spaniard, a two-time major winner, was arguably the most high-profile name to join LIV when he left the PGA Tour in December 2023 for a deal said to be worth £222m ($300m). 

Some players, including major winners Brooks Koepka and Patrick Reed, have already left LIV and returned to the PGA Tour. 

Rahm was offered the chance to join them under a returning member programme did not follow suit. 

Asked about LIV's uncertain future at Aronimink, Rahm said he was fortunate that his job is just to play golf. 

He said he has many talents in life, adding: "Fixing a business is not one of them. I might be the worst person for that.

"My job is to play golf, luckily. I'm decent at it. And that's what I can focus on.

"It's the people in charge of LIV, whose job I do not envy for a second, it's their job to fix it."

Asked if he regretted his decision to join LIV, Rahm added: "I would say I've made a lot of decisions in my life and I've never gone back thinking 'Oh, had I known this again, I would do X and Y different'.

"If I lived my life like that as a golfer, I would be a very pessimistic person."

Rahm said he had faith in LIV's leadership. "I have faith that they're going to come up with a good plan," he said.

"Until that plan is explained to us, I don't think I need to add any attention to it."

Rahm finished runner-up at the PGA Championship for the second consecutive year. 

DeChambeau, who missed the cut at the PGA Championship, decided against speaking to reporters last week. 

In fairness to the two-time U.S. Open winner, he outlined his hypothetical plans if LIV doesn't survive on 6 May. 

DeChambeau explained that he would focus on growing his YouTube channel and only play in tournaments "that actually want me" if the league shutters. 

He admitted he was left stunned by the PIF announcement as he had been given every assurance funding would be in place until 2032. 

The aforementioned O'Neil said he doesn't believe LIV will need to depend on DeChambeau to survive. 

"Bryson is more pro-LIV than I am," he told GOLF.