Lawyers for LIV Golf have confirmed the Saudi-backed league will cease operations after five years, according to a report by Mike Bachmann for NBC Sports. The circuit, which launched in 2022 as a rival to the PGA Tour, is said to have spent approximately $5 billion during its existence.
The announcement marks the end of a turbulent period in professional golf that saw top players recruited with massive signing bonuses and guaranteed prize money. LIV Golf's 54-hole, no-cut format and team competition model failed to secure a lasting media rights deal or broad commercial sponsorship beyond its primary backer, the Public Investment Fund of Saudi Arabia.
Details regarding the winding-down process, player contracts, and any potential merger discussions with the PGA Tour were not disclosed in the initial report.
