CHEYENNE, Wyo. , Sept. 4, 2026 /PRNewswire/ — White Knight Capital Corp., a Wyoming corporation (“White Knight”), today announced that it is in advanced negotiations with the Public Investment Fund of Saudi Arabia (“PIF”) regarding a comprehensive restructuring of LIV Golf Enterprises (“LIV Golf”) and the proposed conversion of PIF’s existing debt into equity.
White Knight plans to actively engage with Scott O’Neil, CEO of LIV Golf, along with his management team and advisors, to implement the proposed reorganization and launch LIV Golf 2.0 for the 2027 season, with Mr. O’Neil remaining as CEO to lead the organization.
Under the proposed terms, White Knight plans to take an assignment of PIF’s rights, obligations, and claims, followed by a planned reverse merger of LIV Golf 2.0 into a Nasdaq-listed public entity. The post-merger company plans to issue equity shares to LIV Golf professional members, executive management, and new institutional investors.
As part of the proposed transaction, White Knight has requested that PIF commit an additional $100 million in direct equity investment into the public entity. All golfers currently under contract with LIV Golf would be offered updated agreements and equity participation in the Nasdaq-listed company as founding members of the restructured enterprise.
Furthermore, White Knight has arranged an additional $500 million equity facility through a major Wall Street investment bank, subject to completion of the merger and applicable conditions.
“We want to thank the PIF Sovereign Wealth Fund and Governor Yasir Al-Rumayyan for their vision, leadership, and constructive engagement,” said John Rivers, Chief Executive Officer of White Knight Capital Corp. “This strategic conversion of debt to equity, combined with fresh growth capital, is intended to position LIV Golf to capitalize on the approximately $6 billion invested in building the brand. This proposed transaction would create a streamlined capital structure designed to drive sustainable profitability, positive cash flow, and long-term shareholder value.”
Global Expansion Strategy
Following the proposed transaction, White Knight intends to expand LIV Golf’s global footprint across key Asian and international markets. The growth strategy prioritizes securing multi-year broadcast distribution agreements, expanding global sponsorship networks, and launching branded consumer products to build high-margin revenue streams.
About John Rivers
John Rivers, Chief Executive Officer of White Knight Capital Corp., brings decades of executive leadership, financial oversight, strategic planning, and entrepreneurial experience across publicly traded companies, private enterprises, technology ventures, entertainment, and investment management. Mr. Rivers specializes in corporate restructuring initiatives, quantitative capital deployment, and scalable growth strategies.
About White Knight Capital Corp.
White Knight Capital Corp. is a private investment and management firm deploying datadriven capital across professional sports syndicates, market-making strategies, and emerging sports-technology ventures. Operating across major leagues, including the NFL, NBA, NHL, MLB, MLS, and professional golf, White Knight leverages proprietary quantitative models and institutional risk controls—including fractional Kelly criteria—to capitalize on structural market inefficiencies.
Media & Investor Relations Contact John Rivers, CEO
White Knight Capital Corp.
Phone: (404) 457-8991
Email: jr@whiteknightcapitalcorp.com Website: www.whiteknightcapitalcorp.com
Safe Harbor & Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements regarding potential negotiations, debt conversions, reverse mergers, capital commitments, or business expansions are forward-looking and subject to significant risks and uncertainties. Negotiations remain ongoing, and no definitive agreement has been executed. Actual results may differ materially from expectations.
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SOURCE White Knight Capital Corp
