LIV Golf to liquidate after last-ditch financing rescue deal falls apart
Summary
LIV Golf said it will wind down and liquidate after a proposed $300 million financing deal fell apart. The league said it will still consider alternatives with third parties, but its Saudi funding is set to end after the 2026 season.Key Facts
- LIV Golf said an orderly wind-down was the most responsible path forward under its current circumstances.
- The league had secured a potential $300 million financing deal from BC Partners to support tournaments in 2027.
- LIV Golf scrapped the financing plan after several notable players chose not to commit to the league.
- Saudi Arabia’s Public Investment Fund plans to stop funding LIV Golf after the 2026 season.
- LIV Golf filed for bankruptcy protection in September, and Jon Rahm and other leading golfers announced their departures.
- The Saudi fund has invested more than $5 billion in LIV Golf.
- In 2023, the PGA Tour and the Saudi fund announced a framework for a unified commercial entity, but talks later stalled.
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