{
  "id": 18399648,
  "title": "LIV Golf winding down operations after financing deal falls apart",
  "url": "https://urgent.news/2026/11/05/liv-golf-winding-down-operations-after-financing-deal-falls-apart-18399648",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-11-05T23:07:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/sports/2026/11/06/brazil-revels-in-return-of-two-home-drivers-to-f1-grid-at-interlagos"
  },
  "original_language": "en",
  "account": "LIV Golf, the breakaway golf circuit that shook up the sport in 2022, is winding down operations due to the loss of key players and financing, the company announced on Thursday. LIV Golf's board members, Gene Davis and Jon Zinman, stated in a press release that they believe shifting towards an orderly wind-down is the most responsible course of action at this time. The future of LIV Golf had become uncertain after losing financial support from the Saudi Public Investment Fund (PIF) beyond the 2026 season. Although BC Partners had committed to providing US$300 million in potential financing for tournaments in 2027, the plan was abandoned when several top players decided not to commit to the league. Notable players, including former world number one Jon Rahm, left LIV Golf after the company filed for bankruptcy protection in September. LIV Golf's suspension from the PGA Tour led to legal battles, with some golfers accusing the PGA Tour of using monopoly power to penalize independent contractors. Critics argued that LIV Golf served as a means for Saudi Arabia to improve its image and deflect attention from human rights concerns, which the Saudi government denies. PGA Tour CEO Craig Dahlgren expressed disappointment, stating that the league's economic model was not viable. LIV Golf CEO Scott O'Neil acknowledged the circuit's impact, calling it \"a round of a lifetime,\" but admitted that their approach was disruptive.",
  "summary": "LIV Golf’s future had been uncertain after Saudi Arabia’s Public Investment Fund withdrew financial support beyond the 2026 season.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "CityNews",
        "title": "LIV Golf is winding down operations, lawyer says in bankruptcy hearing",
        "url": "https://urgent.news/2026/11/05/liv-golf-is-winding-down-operations-lawyer-says-in-bankruptcy-hearing-18343477",
        "published": "2026-11-05T16:48:43.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "LIV Golf is winding down operations, lawyer says in bankruptcy hearing",
        "url": "https://urgent.news/2026/11/05/liv-golf-is-winding-down-operations-lawyer-says-in-bankruptcy-hearing",
        "published": "2026-11-05T16:48:43.000Z"
      },
      {
        "outlet": "CBC News",
        "title": "LIV Golf shutting down operations, lawyer says in bankruptcy hearing",
        "url": "https://urgent.news/2026/11/05/liv-golf-shutting-down-operations-lawyer-says-in-bankruptcy-hearing",
        "published": "2026-11-05T17:12:27.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "LIV Golf winding down operations after financing deal falls apart",
        "url": "https://urgent.news/2026/11/05/liv-golf-winding-down-operations-after-financing-deal-falls-apart",
        "published": "2026-11-05T17:13:00.000Z"
      },
      {
        "outlet": "Global News",
        "title": "LIV Golf set to wind down operations, lawyers say",
        "url": "https://urgent.news/2026/11/05/liv-golf-set-to-wind-down-operations-lawyers-say",
        "published": "2026-11-05T18:32:39.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "Why LIV Golf, which shook up sport in 2022 with Saudi Arabia money, is winding down",
        "url": "https://urgent.news/2026/11/05/why-liv-golf-which-shook-up-sport-in-2022-with-saudi-arabia-money-is",
        "published": "2026-11-05T18:46:15.000Z"
      },
      {
        "outlet": "Japan Times",
        "title": "LIV Golf to wind down operations after financing deal falls apart",
        "url": "https://urgent.news/2026/11/06/liv-golf-to-wind-down-operations-after-financing-deal-falls-apart",
        "published": "2026-11-06T01:29:00.000Z"
      }
    ]
  },
  "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."
}