The Public Investment Fund approved a USD 113 mn increase in the share capital of LIV Golf Investments, Money in Sports reported, citing a filing submitted to the Jersey Financial Services Commission on 1 Dec. The most recent pump puts the total 2025 increase at USD 1.1 bn, sending the capital of the top company at LIV’s structure to just over USD 5 bn.

Is LIV in trouble? Increases are necessary to cover operating losses incurred by the PIF-backed tour, estimated at a monthly average of some USD 100 mn, the sports-focused newsletter says.

DATA POINT- Tour prize money reached USD 405 mn this year alone, spread over only 14 tournaments and player bonuses, compared to USD 509 mn across 44 tournaments organized by the rival PGA Tour.

The rival tour has apparently taken a step back from long-ongoing merger talks, wagering on LIV overstaying its welcome and losing backing from the PIF, the newsletter said. Top golfer Rory McIlroy recently took a swing at LIV for what he called “irrational spending,” arguing that it is making merger prospects with PGA unlikely.

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