LIV Golf CEO Scott O’Neil announced an agreement Wednesday with a lead investor that would allow the rival league to forge ahead without the backing of Saudi funding while making players major equity holders. He said the lead investor “has signed a term sheet approved by our board, which will carry and fund LIV going forward.” LIV Golf, which launched in 2022, has spent more than $5 billion on the league. Lucas Herbert, who has won twice on LIV Golf this year, said Tuesday his management has been in touch with PGA Tour officials. Even with a lead investor, questions remain whether the biggest names will stick around.