LIV Golf to Wind Down After Investor Talks Collapse

LIV Golf plans to wind down after negotiations over a proposed financial rescue fell apart, ending its effort to relaunch the Saudi-backed circuit. The league said on November 5 that it would pursue an orderly liquidation, while remaining open to other proposals that could maximize the value of its business and assets. The liquidation is set to begin on November 9, according to statements made in court.

The deal under discussion would have brought as much as $300 million in initial funding from BC Partners Credit. The firm said it had backed a plan intended to align players’ and investors’ interests, but the parties could not settle outstanding terms. Saudi Arabia’s Public Investment Fund, which had invested more than $5 billion in LIV, ended its financial support in April.

LIV entered Chapter 11 bankruptcy proceedings in September, with executives then aiming to restart the competition next season with a shorter schedule, lower prize money and player ownership stakes. Some prominent players, including Jon Rahm, had expressed a desire to leave, while Bryson DeChambeau had not publicly committed to staying. Court documents put the league’s estimated liabilities at between $500 million and $1 billion, owed to at least 1,000 creditors.

The circuit launched in 2021 to challenge the PGA Tour, drawing high-profile players with Saudi funding. It also had a multiyear U.S. media-rights deal with Fox Sports, announced in 2025. CEO Scott O’Neil described the project as an effort to attract younger and more diverse golf fans and said it had been rewarding despite its difficulties. The league’s legal and restructuring advisers will oversee the wind-down.