LIV Golf CEO Scott O’Neil announced a board-approved agreement with an unnamed lead investor on Wednesday, with players set to hold major equity stakes and interest from more than a dozen potential minority investors. The league, launched in 2022, plans to cut its schedule to 10 events split between the United States and international venues after the Public Investment Fund indicated it would cease further direct funding. Multiple sources confirm the announcement details while differing on equity distribution and prior investment totals.