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According to their latest financial filing, LIV Golf Ltd., based in the United Kingdom, has now lost $1.1 billion in non-U.S. operations since it launched in 2021. That includes the $462 million the organization lost in 2024, $396 million in 2023, and $243 million it lost in 2022 and part of 2021.
That $462 million loss figure only includes seven of the 14 events LIV Golf held in 2024 – those held outside of the United States. The seven American tournaments were conducted under the U.S.-based LIV Golf Inc., which as a private company, does not have to release its financial data.
In 2024, LIV Golf saw a $28 million increase in non-U.S. revenue, from $37 million in 2023 to $65 million. Unfortunately, expenses for LIV’s non-U.S. operations totaled an eye-popping $526.7 million in 2024.
While that is a staggering amount of money to lose, LIV still appears to be in a pretty good financial position thanks to the $4.89 billion in shares LIV Golf Investments has sold to the Saudi Public Investment Fund (PIF). Of course, the announced figures, as mentioned, do not include any losses generated by the organization’s U.S. operations.
According to Irish Golfer, LIV Golf directors did state in the financial filing that there was “a material uncertainty which might cast significant doubt over [LIV Golf Investments’] ability to continue” without continued investment from the PIF.
The filing also reported that the PIF, which is worth approximately $925 billion, has “provided a letter of financial support to the UK entity,” so LIV Golf’s directors “therefore believe that the group and parent company has access to sufficient financial resources to support the business to meet its liabilities as and when they fall due during the going concern assessment period.”
In 2025, LIV played six events in the United States and eight overseas. Only three of the 11 events that have been announced for the 2026 schedule are in the United States. Three more events are still expected to be added.
As for any merger with the PGA Tour goes, LIV Golf stated in its filing that it “is not able to ascertain with certainty the substance, timing or implications of any transaction which may arise from” the Framework Agreement that was reached in 2023.