Saudi-Backed LIV Golf, After Five Years of Trying to Challenge PGA Tour, Is Shutting Down

Saudi-Backed LIV Golf, After Five Years of Trying to Challenge PGA Tour, Is Shutting Down hakkında magazin dünyasında yaşanan en son ayrıntılar ve sıcak gelişmeler netleşti. Nov 5, 2026 10:42am PT Saudi-Backed LIV Golf, After Five Years of Trying to Challenge PGA Tour, Is Shutting Down By Todd Spangler Plus Icon Todd Spangler NY Digital Editor xpangler Latest ‘Spider-Man: Brand New Day’ Spins Up Massive Numbers for Sony’s Quarterly Earnings 13 hours ago Skydance Reorgs TV and Streaming Distribution Leadership Team Post-Merger, Eight Execs to Exit 1 day ago Digital Creator Camilla Araujo Sets ‘Plot Twist’ Podcast Launch in New Expansion Into Long-Form Entertainment 1 day ago See All Add us as a Google Preferred Source Comments LIV Golf , the pro-golfing startup venture whose biggest investor had been the sovereign wealth fund of Saudi Arabia, is shutting down after it couldn’t reach an agreement with a new investor on a bankruptcy reorganization. The league was founded in 2021 by a group of pro golfers, led by Phil Mickleson and Greg Norman, who were dissatisfied with the sport’s biggest player, the PGA Tour.

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Saudi Arabia’s Public Investment Fund, which was LIV Golf’s primary backer, invested more than $5 billion into the venture — before the PIF in April 2026 said it was ending its funding. Related Stories Trinh T.

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Bankruptcy Court for the District of New Jersey. However, according to a statement from the league, “the relevant parties were ultimately unable to reach a consensual resolution of certain outstanding terms of the transaction.” As such, LIV Golf announced that it intends to liquidate its assets and wind down the business, but added that “the company will remain open to, and continue to consider, any value-maximizing alternatives with third parties that may arise.” BC Partners Credit had proposed investing $300 million into LIV Golf but deal talks fell apart.

In a statement, the financial firm said, “BC Partners Credit supported a transaction that aligned the interests of players and investors, offering a credible path toward building a sustainable future for LIV Golf. While there was great support for the league, we are disappointed that mutually acceptable terms could not be reached among the various stakeholders.” In January 2025, Fox Sports and LIV Golf announced a multiyear media rights agreement for live coverage of the league’s competition in the U.S.

Under the pact, Fox carried live coverage LIV Golf League’s 14-tournament global schedule with events in the U.S., Asia, Australia, Europe and Latin America; LIV Golf tournaments had previously aired on Nexstar Media Group’s CW network. A rep for Fox Sports did not immediately respond to a request for comment.

The top-ranked golfers in the LIV Golf League this season included Jon Rahm, Bryson DeChambeau, Joaquin Niemann, Lucas Herbert, Tyrrell Hatton, Thomas Detry, Anthony Kim and Sergio Garcia. LIV Golf CEO Scott O’Neil said in a statement Thursday, “Building a global platform designed to bring new, younger, and more diverse fans to the sport of golf has been the round of a lifetime for all of us.

LIV Golf was fun, demanding, inspiring, at times challenging — but always rewarding. … We created memories that I hope will inspire a ne

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