{
  "id": 18358241,
  "title": "LIV Golf to shut down after five years as $300 million rescue plan collapses",
  "url": "https://urgent.news/2026/11/05/liv-golf-to-shut-down-after-five-years-as-300-million-rescue-plan",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-11-05T18:26:53.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/sport/golf-in-uae/liv-golf-to-shut-down-after-five-years-as-300-million-rescue-plan-collapses-1.500737064"
  },
  "original_language": "en",
  "account": "LIV Golf, a breakaway golf league founded in June 2022, is set to close after five years of operation, according to bankruptcy court filings. The league, which offered nine-figure signing bonuses to attract top players from the PGA Tour, lost Saudi funding in April due to a shift in investment strategy. Despite a planned $300 million rescue from BC Partners Credit, high-profile players like Jon Rahm and Sergio Garcia opted not to join the new \"LIV 2.0\" version. Players and investors failed to reach a consensus on the future of the league, leading to its liquidation instead of a new iteration set for 2027. PGA Tour star Phil Mickelson reportedly held a stake in LIV Golf as it filed for bankruptcy.",
  "summary": "Trenton: LIV Golf is shuttering after five years that fractured the sport's landscape, announcing Thursday in bankruptcy court it plans to wind down operations instead of launching a new version because it didn't have enough support. \"The debtors are not currently proceeding with the LIV 2.0 plan,\" attorney Matthew Williams of Gibson Dunn said in a hearing in New Jersey. \"Instead, the debtors are…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Citizen",
        "title": "LIV Golf shuts down after five years",
        "url": "https://urgent.news/2026/11/05/liv-golf-shuts-down-after-five-years",
        "published": "2026-11-05T18:08:03.000Z"
      },
      {
        "outlet": "ABC News",
        "title": "LIV Golf to wind down after five years of rebel league",
        "url": "https://urgent.news/2026/11/05/liv-golf-to-wind-down-after-five-years-of-rebel-league",
        "published": "2026-11-05T20:00:42.000Z"
      },
      {
        "outlet": "IOL",
        "title": "No LIV Golf in South Africa in 2027 as breakaway tour shuts down",
        "url": "https://urgent.news/2026/11/05/no-liv-golf-in-south-africa-in-2027-as-breakaway-tour-shuts-down",
        "published": "2026-11-05T20:05:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}