LIV Golf has decided to liquidate its operations after losing both its primary financial backers and top-tier talent. The circuit suffered a critical blow when Saudi Arabia's Public Investment Fund ended funding beyond the 2026 season despite having invested more than $5 billion. A subsequent $300 million funding agreement from BC Partners was scrapped after notable golfers, including Jon Rahm, exited the tour. While proceeding with the wind-down, the league confirmed it will remain open to third-party offers for its assets.
Key points
The breakaway golf league is moving forward with an orderly liquidation following its Sep…: The breakaway golf league is moving forward with an orderly liquidation following its September bankruptcy filing.
High-profile departures, including former world number one Jon Rahm, left the tour unable…: High-profile departures, including former world number one Jon Rahm, left the tour unable to secure necessary operational financing.
The league's special board committee stated it remains open to third-party bids for the c…: The league's special board committee stated it remains open to third-party bids for the circuit's remaining assets.
Sources checked by our analysis pipeline: 1
LIV Golf winding down operations after financing deal falls apart
Nov 5 : LIV Golf, which shook up world golf in 2022, will liquidate after losing big-name players and the financing it needed to stay alive, the breakaway circuit said on Thursday.
Throughout the wind-down process, LIV Golf said it would remain open to, and continue to consider any offers from third parties that could get more value from its assets.
"In light of the current circumstances, we believe shifting toward an orderly wind-down is the most responsible path forward for the League at this time," Gene Davis and Jon Zinman of LIV Golf board’s special committee said in a press release.
LIV Golf had secured $300 million of potential financing from BC Partners to allow the staging of tournaments in 2027 but scrapped the plan after a number of notable players opted not to commit to the league.
The future of LIV Golf had been in question after the circuit lost financial support from the deep-pocketed Saudi Arabia's Public Investment Fund beyond the now-completed 2026 season.
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