The Saudi-backed league had reportedly lost $300 million in funding before lawyers confirmed liquidation at a bankruptcy hearing.
LIV Golf is done. Lawyers for the league confirmed in a bankruptcy hearing Thursday that it is officially shutting down operations, ending years of speculation about its future.
The league had been teetering for a while. Its ultra-wealthy backers pulled support partway through its fifth season, and CEO Scott O'Neil had been trying to engineer a comeback, reportedly eyeing a relaunch in 2027 with a smaller schedule and far less money than LIV once threw around. That plan reportedly fell apart after a handshake deal collapsed and the league lost $300 million in funding, pushing it from restructuring talks toward straight liquidation and dissolution.
LIV launched with Saudi Public Investment Fund money and promised to upend professional golf with noise, money and format gimmicks. Instead it spent years fighting the PGA Tour in court and in the court of public opinion before the Saudis themselves backed away from the project.
Barring some unexpected rescue, LIV Golf will cease to exist well before its usual spring start, closing out one of the stranger chapters in modern sports business.