LIV Golf Announces Closure After Saudi Funding and Rescue Deal Collapse

2026, November 6

Saudi Arabia / United States / United Kingdom / International

LIV Golf has announced that it will wind down operations and liquidate following the collapse of its final attempt to secure financing for the 2027 season. The breakaway golf circuit, launched in 2022 with substantial Saudi financial backing, had secured a proposed $300 million financing arrangement with investment firm BC Partners. However, the agreement collapsed after several prominent players declined to commit to remaining with the league. Saudi Arabia's Public Investment Fund had already decided to withdraw its financial support after the 2026 season, having invested more than $5 billion in the project.

The collapse leaves numerous internationally recognised golfers facing uncertain futures as they attempt to return to established competitions such as the PGA Tour and DP World Tour. Players including Jon Rahm, Brooks Koepka and Tyrrell Hatton have already moved towards leaving LIV, while others remain undecided. Bankruptcy documents also revealed approximately $45.5 million in outstanding claims involving 14 current and former players. The development could fundamentally reshape professional golf after four years of division, legal disputes and competition between rival tours.