Saudi-Backed LIV Golf, After Five Years of Trying to Challenge PGA Tour, Is Shutting Down
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.
Key points
- A lawyer representing the golf organization that was formed in 2021 announced the decision in a bankruptcy court hearing in New Jersey.
- The would-be rival to the PGA Tour, which was championed by major winner Phil Mickelson and run until 2025 by another former player of note, Greg Norman, was […].
- The league was founded in 2021 by a group of pro golfers, led by Phil Mickleson and Greg Norman, who […].
LIV Golf has confirmed it plans to wind down operations and enter the liquidation phase, instead of launching a new version, because of a lack of financial support.
Five years after it began its quest to upend a genteel sport with billions in Saudi Arabian money and brash style, LIV Golf is liquidating its operations.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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Every article behind this summary — 5 articles from 5 outlets
DeadlineNovember 5, 2026, 7:06 PM UTC →
VarietyNovember 5, 2026, 6:42 PM UTC →
Global News WorldNovember 5, 2026, 6:32 PM UTC →
BBC SportNovember 5, 2026, 6:12 PM UTC →
Sky SportsNovember 5, 2026, 5:00 PM UTC →
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