Dialogue about LIV’s future went into overdrive earlier this month because the tour ready for its newest occasion in Mexico.
A number of media shops – throughout golf, sports activities information and finance – reported its imminent closure, earlier than chief govt O’Neil insisted it was enterprise as common in a tubthumping e mail to employees.
It was placing O’Neil solely spoke about 2026 and didn’t deal with what may lie forward.
Gamers had been instructed final month that funding was in place till 2032 however well-placed figures in European golf instructed BBC Sport they consider PIF is withdrawing its monetary assist.
One supply mentioned he totally anticipated 2026 to be LIV’s final season and one other felt its management was attempting to persuade itself different income may very well be discovered.
However many – as one summarised – assume it could disintegrate rapidly.
The LIV venture, which pivoted to a extra conventional 72-hole format this 12 months, has been bankrolled by an eye-watering sum of money from PIF.
The general funding surpassed $5bn (£3.8bn) when contemporary capital of $266.7m was injected earlier this 12 months, exterior.
The tour’s web losses in markets exterior the US elevated to $462m (£340m) in 2024, that means it had misplaced greater than $1.1bn (£810m) because it was established in 2021.
With huge quantities of cash pumped into the US arm of the operation, losses look more likely to run to a number of billion {dollars}.
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