RIYADH - LIV Golf is not losing funding, not just yet.
But the Saudi-backed tour CEO Scott O'Neil says they are preparing to make structural changes that "might surprise some people."
This comes as the embattled breakaway league scrambles to fend off rumors it could soon collapse without Saudi funding.
It follows reports circulated that LIV Golf is on the verge of collapse due to the possible withdrawal of Saudi Arabian financing.
Rumors have mounted in recent days that the tournament's deep-pocketed backers in Riyadh have cooled on the extravagantly expensive project.
The LIV Golf tour has reportedly cost them over $5 billion so far. Multiple outlets including the Financial Times, New York Times and Wall Street
Journal reported that the near-$1-trillion Saudi sovereign wealth fund's withdrawal was imminent.
O'Neil has since rubbished those rumours through an email sent to staff, including players.