LIV Golf CEO Scott O’Neil says the Saudi-backed golf league is seeking new financing after its main backer, the Saudi Public Investment Fund (PIF), pulled its funding. According to people familiar with the matter cited by Bloomberg, LIV Golf has started laying the groundwork for a potential U.S. bankruptcy filing if it cannot raise sufficient funds. The company is exploring ways to keep the league operating and is also pursuing a fundraising effort, with O’Neil describing plans to raise about $300 million and outlining a “unique” structure. The reporting indicates that LIV’s immediate challenge is liquidity after the PIF decision, prompting the company to consider contingency options to manage its obligations. While the available details focus on the financing search and bankruptcy planning, both accounts attribute the same core driver: the withdrawal of support from LIV’s primary backer. The discussions are presented as part of LIV’s broader efforts to secure capital and maintain continuity of the league’s business amid uncertainty over its funding pipeline.