LIV Golf is reportedly winding down operations after investors pulled a $300 million financial lifeline, according to reports published Friday. The Saudi-backed golf league, which launched in 2022 as a rival to the PGA Tour, has faced ongoing financial scrutiny despite its substantial backing from the Public Investment Fund of Saudi Arabia.
The development marks a significant turn for the circuit that attracted major names such as Phil Mickelson, Dustin Johnson, and Brooks Koepka with lucrative contracts. LIV Golf's 2024 season featured 14 events across multiple continents, but the series has struggled to secure mainstream broadcast deals and consistent sponsorship revenue beyond its primary backer.
Neither LIV Golf nor the Public Investment Fund has issued an official statement confirming the wind-down. The league's most recent event concluded in September, and its 2025 schedule had not been announced as of November.
