LIV Golf, the Saudi-backed rival circuit that lured major champions such as Phil Mickelson, Bryson DeChambeau and Jon Rahm away from the PGA Tour, has officially ceased operations after five seasons and more than $5 billion in spending, according to a report from Yahoo Sports on November 5, 2026.
The league's closure marks the end of a turbulent chapter in professional golf that began in 2022 and sparked lawsuits, player defections and a eventual framework agreement between the PGA Tour and the Public Investment Fund of Saudi Arabia. Despite attracting high-profile talent and offering record prize money, LIV Golf failed to secure a sustainable media rights deal or broad fan engagement.
Financial details of the wind-down were not disclosed, but the reported $5 billion outlay underscores the scale of the venture. The PGA Tour has not yet commented on the implications for players who joined LIV Golf or for the broader reconciliation process.
