LIV Golf is officially ending
LIV Golf shook up the sport when it launched in 2022, luring some of the PGA Tour’s biggest stars with massive guaranteed contracts. Five years and more than $5 billion later, the league is shutting down. LIV Golf announced this week that it is officially winding down its operations after failing to secure enough support…
LIV Golf, the golf league that made headlines in 2022 by signing top PGA Tour stars like Jon Rahm, Bryson DeChambeau, and Dustin Johnson, is officially shutting down. Despite spending over $5 billion over five years, the league failed to secure enough support for its planned LIV 2.0 model. After filing for bankruptcy and losing a key investor, LIV announced it would wind down operations.
The league's downfall began in April when the Saudi Arabian financier announced it wouldn't fund the league beyond the current season. BC Partners, set to replace the PIF as the primary financier, also pulled out its $300 million investment. LIV's CEO, Scott O'Neil, reflected on the league's successes, stating it was "the round of a lifetime."
However, the league's inability to reach agreements with key players and stakeholders led to its decision to end operations. LIV CEO O'Neil noted that while the league will remain open to alternative value-maximizing options, a comeback seems unlikely.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
