O'Neil was short on details, starting with the identity of the investor and how much money was involved. He said the lead investor "has signed a term sheet approved by our board, which will carry and fund LIV going forward". O'Neil said LIV are getting "strong interest" from more than a dozen other parties who would be minority investors as the league tries to survive. "We have not made any final formal decisions and hope to in the coming weeks," O'Neil said. LIV Golf, which launched in 2022, has spent more than $7 billion ($US5 billion) on the league.