LIV Golf to wind down after losing Saudi backing and investor deal
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In 50 words
LIV Golf will wind down rather than launch a new version in 2027, its lawyers told a bankruptcy court in New Jersey. The breakaway men's golf league, launched in June 2022, lost Saudi funding in April. A US$300 million investment pledge from BC Partners Credit fell through.
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Key dates
- June 2022LIV Golf launches, offering large signing bonuses to lure top players from the PGA Tour.
- April 2026Saudi Arabia's Public Investment Fund says it will no longer pay for LIV Golf after the 2026 season.
- August 2026LIV holds its final event in Indianapolis.
- 8 Sep 2026LIV Golf files for Chapter 11 bankruptcy.
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Sources
- ABC AustraliaRead the original article →
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