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● LIVE Updated 28m ago · 10 sources tracked

LIV Golf is done after 5 years and $5 billion spent dividing the sport

LIV Golf lawyers have confirmed the league will shut down after five years of operation and approximately $5 billion spent, with a formal liquidation plan requiring court approval and wind-down expected to begin Monday. The Saudi-backed rival to the PGA Tour failed to secure continued financial support after a prospective $300 million deal collapsed, ending its challenge to golf's established order.

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  • ✓ LIV Golf lawyers confirmed the league will shut down after five years and $5 billion spent.
  • ✓ A formal liquidation plan must be approved by the court.
  • ✓ The wind-down process is expected to begin on Monday.
  • ✓ The shutdown follows a failed $300 million deal that would have provided new funding.
🛡️ Source Corroboration: 10 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

LIV Golf lawyers formally confirmed the league's liquidation and wind-down timeline after a new financial backer withdrew funding.

Live updates

  1. LIV Golf confirms shutdown after five years and $5 billion spent

    LIV Golf lawyers have confirmed the league will shut down after five years of operation and approximately $5 billion spent, with a formal liquidation plan requiring court approval and wind-down expected to begin Monday. The Saudi-backed rival to the PGA Tour failed to secure continued financial support after a prospective $300 million deal collapsed, ending its challenge to golf's established order.

    Why it matters

    The league's closure marks the end of a costly fracture in professional golf that began in 2022 when Saudi Arabia's Public Investment Fund launched LIV with massive signing bonuses for top players. Despite luring stars like Brooks Koepka, Jon Rahm and Bryson DeChambeau, LIV never achieved sustainable television ratings or broad sponsorship. Its existence forced the PGA Tour into a framework agreement with the PIF that remains unresolved.

    What is confirmed

    • LIV Golf lawyers confirmed the league will shut down after five years and $5 billion spent.
    • A formal liquidation plan must be approved by the court.
    • The wind-down process is expected to begin on Monday.
    • The shutdown follows a failed $300 million deal that would have provided new funding.

    Still unconfirmed

    • Brooks Koepka may return to the PGA Tour while Jon Rahm and Bryson DeChambeau face unclear paths back.
    • The league's television run on Fox Sports is ending.

    What to watch next

    • Court approval of the liquidation plan
    • PGA Tour decisions on re-admission applications from former LIV players
    • Progress on the PGA Tour-PIF framework agreement
    Sources used for this update (10)
    1. ny1.com — 5-year-old girl found dead in Queens home, police say
    2. The New York Times — LIV Golf is done after 5 years and $5 billion spent dividing the sport - The Athletic
    3. ESPN — LIV Golf to shutter the league after failing to get support
    4. USA Today — LIV Golf is done. What it means for the PGA Tour and former LIV stars
    5. Yahoo Sports — LIV Golf is dead ... but it changed golf forever
    6. CBS Sports — LIV Golf shutting down after new financial backer pulls funding from fledging league
    7. www.nbcsports.com — LIV Golf lawyers confirm league will shut down after five years, $5 billion spent
    8. golferinsight.com — Disastrous LIV Golf Ends, Stars Face Uncertain Future
    9. www.thewrap.com — LIV Golf Shuts Down After 5 Years, Ending Its Run on Fox ...
    10. sports.yahoo.com — LIV Golf Ceases Operations After $5 Billion Wastage
    confidence 90%
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