LIV Golf confirmed Thursday in a New Jersey Bankruptcy Court hearing that it will begin winding down its operations on Monday, effectively shutting down the league. Attorneys for the circuit stated that a wind-down path is the best option after the league's latest financial backer, BC Partners, decided to pull its previously committed funding.
Funding Withdrawal Leads to Liquidation
BC Partners had committed upwards of $300 million in August to support a restructured "LIV Golf 2.0" but withdrew after determining there were not enough player commitments — particularly notable names — to make the league viable. The firm had expected at least twice as many players to sign on. In a statement, BC Partners said it was disappointed that mutually acceptable terms could not be reached among stakeholders and commended LIV Golf's management and players for their efforts.
The Public Investment Fund of Saudi Arabia had previously invested approximately $7 billion to launch LIV Golf, fund large player contracts, and operate the league for five seasons. After the PIF withdrew its support, LIV Golf canceled two tournaments, failed to pay some vendors and players, and filed for Chapter 11 bankruptcy protection in September while seeking a new backer.
Player Exodus and Uncertain Futures
Nearly every major LIV Golf player had already departed before the announcement. Jon Rahm reached a high-profile separation agreement, while Tyrrell Hatton and Sergio Garcia also left. Brooks Koepka accepted penalties and returned to the PGA Tour ahead of the 2026 season. Bryson DeChambeau had indicated he would stay with the new iteration, but the futures of Dustin Johnson, Cameron Smith, and Joaquin Niemann remain unannounced. The PGA Tour has been hesitant to create additional pathways for former LIV players to return, though some may regain playing privileges through traditional qualifying.
