LIV Golf, the Saudi-backed professional golf league that launched in 2022, is reportedly shutting down operations and liquidating its assets, according to a Forbes report published Thursday.
The league, financed by Saudi Arabia's Public Investment Fund, disrupted professional golf by offering massive signing bonuses and guaranteed prize money to lure top players from the PGA Tour and DP World Tour. Its 54-hole, no-cut format and team competition model represented a radical departure from traditional tournament golf.
Forbes staff writer Zachary Folk reported the development on November 5, 2026. The league's closure would mark the end of a turbulent three-year period in professional golf that included antitrust litigation, a surprise framework agreement between the PGA Tour and PIF in June 2023, and ongoing negotiations over a potential unification of the sport's commercial interests.
Details regarding the timeline for the shutdown, the fate of player contracts, and the disposition of LIV Golf's intellectual property and broadcast agreements were not immediately available.
