LIV Golf to wind down after backers withdraw support
LIV Golf is set to shut down after failing to secure new financing following the withdrawal of its primary Saudi-backed investor. Despite attempts to launch a 'LIV 2.0' version with new funding and player commitments, the league could not meet the necessary timelines and viability requirements.
Why it matters
The collapse of LIV Golf marks the end of a multi-billion dollar attempt to disrupt the professional golf landscape and highlights the volatility of sports investments backed by sovereign wealth funds.
Image source, Getty Images Image caption, LIV Golf was founded in 2021, with its first season taking place the following year
Sports News correspondent Published 4 November 2026, 21:52 GMT Updated 56 minutes ago LIV Golf is set to be wound down after its investor withdrew its support because the proposed new league failed to attract enough players.
LIV had hoped BC Partners Credit would provide a possible $300m (£223m) in financing after Saudi Arabia's Public Investment Fund (PIF) withdrew its backing in April , leading to the league filing for bankruptcy protection in September.
The funding could have helped the competition move forward in a new form, dubbed LIV 2.0, but BC Partners is understood to have decided it is not viable to pursue a deal.
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LIV Golf Relaunch Plan Collapses After Failing to Attract Enough Players
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