{"id":1921,"section":"sports","section_label":"Sports","url":"https://www.brokenews.co/sports/1921","headline":"LIV Golf is shutting down, lawyers confirm in bankruptcy hearing","dek":"The Saudi-backed league had reportedly lost $300 million in funding before lawyers confirmed liquidation at a bankruptcy hearing.","body":"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.\n\nThe 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.\n\nLIV 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.\n\nBarring 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.","published_at":"2026-11-05T18:04:38.980289+00:00","source_count":4,"written_from":[{"outlet":"Defector","publisher":"Defector","title":"LIV Is Dead","url":"https://defector.com/liv-is-dead"},{"outlet":"Yahoo Sports","publisher":"Yahoo Sports","title":"LIV Golf is officially shutting down, lawyers confirm in bankruptcy hearing","url":"https://sports.yahoo.com/articles/liv-golf-officially-shutting-down-164853160.html"},{"outlet":"New York Post","publisher":"New York Post","title":"LIV Golf loses $300 million funding in potential death knell","url":"https://nypost.com/2026/11/04/sports/liv-golf-loses-300-million-funding-in-potential-death-knell/"}],"more_coverage":[{"outlet":"The Athletic","publisher":"The Athletic","title":"LIV Golf is done after 5 years and $5 billion spent dividing the sport","url":"https://www.nytimes.com/athletic/7756124/2026/11/05/liv-golf-league-ending-bankruptcy/"},{"outlet":"New York Post","publisher":"New York Post","title":"LIV Golf is officially dead after bankruptcy court reveal","url":"https://nypost.com/2026/11/05/sports/liv-golf-is-officially-dead-after-bankruptcy-court-reveal/"},{"outlet":"Yahoo Sports","publisher":"Yahoo Sports","title":"LIV Golf officially winding down after 5 years","url":"https://sports.yahoo.com/articles/liv-golf-officially-winding-down-170810277.html"},{"outlet":"Yahoo Sports","publisher":"Yahoo Sports","title":"LIV Golf Shuts Down After $5 Billion Saudi Gamble, Ending Fox Sports Run","url":"https://sports.yahoo.com/articles/liv-golf-shuts-down-5-175024867.html"},{"outlet":"Yahoo Sports","publisher":"Yahoo Sports","title":"LIV Golf turned the golf world upside down. Then it crashed and burned","url":"https://sports.yahoo.com/articles/liv-golf-turned-golf-world-182532037.html"},{"outlet":"Yahoo Sports","publisher":"Yahoo Sports","title":"Social media reacts: Here's what people are saying about LIV Golf's demise","url":"https://sports.yahoo.com/articles/social-media-reacts-heres-people-183949189.html"}],"image":{"url":"https://lede-admin.defector.com/wp-content/uploads/sites/28/2026/11/GettyImages-2291190197.jpg","credit":"Defector","width":2500},"embed":null,"license":"https://creativecommons.org/licenses/by/4.0/","attribution":"Analysis data is licensed CC BY 4.0. Credit brokenews and link to the story page you took it from. Source headlines, story titles taken from a source headline, and quoted passages remain the property of their publishers and are quoted for comparison, not licensed onward.","terms":"https://www.brokenews.co/about#reuse"}