LIV Golf Ceases Operations, Heads Toward Liquidation
The Saudi-backed league's lawyers told a U.S. bankruptcy court it is shutting down after financing for a restart fell through.
Updated on Nov. 6, 2026 in Golf
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LIV Golf's lawyers told a judge Thursday in U.S. Bankruptcy Court in New Jersey that the league is ceasing operations. Efforts to regroup with financing from investor BC Partners did not come together.
Why it matters
The collapse ends a league launched in 2022 that drew top players away from the PGA Tour and reshaped the professional golf landscape. It also shows the limits of funding from a single sovereign backer once that support is withdrawn.
The Saudi Public Investment Fund spent $5 billion on LIV Golf, and BC Partners was prepared to put up $300 million for a streamlined bankruptcy restart before withdrawing. The source does not detail how the remaining assets will be divided among creditors.
The players
LIV Golf
A professional golf league launched in 2022 with Saudi Public Investment Fund backing, which competed against the PGA Tour by signing top players.
Public Investment Fund (PIF)
Saudi Arabia's sovereign wealth fund, which financed LIV Golf and withdrew its support this spring.
BC Partners
A private equity firm that declined to provide financing for a restart of LIV Golf.
Jon Rahm
A Spanish professional golfer who left the PGA Tour for LIV Golf.
Bryson DeChambeau
An American professional golfer who left the PGA Tour for LIV Golf.
The details
LIV Golf's lawyers said the league will move into liquidation, with the bankruptcy process focused on selling off assets and paying creditors rather than restructuring its business model. A group of 10 players had requested a meeting Wednesday night to discuss the financial structure of a planned LIV 2.0, but BC Partners rebuffed the request.
Timeline
2022: LIV Golf launches with financial support from the Saudi Public Investment Fund.
This spring: The PIF says it is pulling its funding and allocating resources elsewhere.
Wednesday, November 5, 2026: Efforts to secure restart financing with BC Partners fail.
Thursday, November 6, 2026: LIV Golf's lawyers tell the bankruptcy court it is ceasing operations.
Monday, November 9, 2026: The liquidation effort is expected to begin.
Season Trajectory
The collapse of LIV Golf, launched in 2022 with Saudi PIF money to pull players from the PGA Tour, reverses the competitive challenge that reshaped the men's professional golf calendar. Koepka's return to the PGA Tour for the 2026 season is one visible sign of players moving back.
The end of LIV Golf removes a separate tour from the calendar, leaving players who left the PGA Tour to weigh whether to return. Koepka has already rejoined the PGA Tour for the 2026 season.
The takeaway
The collapse shows that a rival league built on one sovereign backer can end quickly once that funding is withdrawn. Golf fans should watch how the bankruptcy affects the players and the market for future competition.
What happens next
The liquidation effort is expected to begin Monday, November 9, 2026, when the bankruptcy process moves toward selling off assets and paying creditors.
Further reading
Follow the latest developments in Golf coverage as the LIV Golf bankruptcy proceeds.
Source note: This article includes information reported by Jefferson City News Tribune.
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