LIV Golf secures a lead investor and plans to make players majority equity owners.

LIV CEO Scott O'Neil said the unnamed investor signed an agreement approved by the league's board. Final terms are expected in September, and more than a dozen parties have shown interest in minority stakes.

The investment would finance operations into 2027. LIV also plans to reduce its schedule from 14 tournaments to 10, split between five international events and five primarily in the United States.