{
  "id": 18437717,
  "title": "LIV Golf to wind down after Saudi funding withdrawal and failed rescue deal",
  "url": "https://urgent.news/2026/11/06/liv-golf-to-wind-down-after-saudi-funding-withdrawal-and-failed-18437717",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-11-06T03:39:21.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/sport/2026/11/06/liv-golf-to-wind-down-after-saudi-funding-withdrawal-and-failed-rescue-deal/"
  },
  "original_language": "en",
  "account": "LIV Golf, the financially backed golf league that made waves with big-name players and massive investment, is set to close down after losing crucial funding. The Saudi-backed circuit announced plans to wind down operations after failing to secure the necessary financing to continue beyond the 2026 season. LIV Golf is open to offers from third parties during the liquidation process, aiming to maximize value from its assets. The league's future had been uncertain since Saudi Arabia's Public Investment Fund withdrew its financial support in April, having invested over $5 billion. A potential rescue deal worth $300 million from BC Partners was also abandoned due to a lack of commitment from prominent players. The announcement follows a challenging period for LIV, with several high-profile players, including former world No 1 Jon Rahm, leaving the league. The US-based PGA Tour has implemented a one-year ban for players who competed in LIV events. Despite the closure, LIV made a significant impact in golf, attracting major champions and sparking a legal battle over the right of players to compete independently.",
  "summary": "LIV Golf, the breakaway circuit that shook up the sport with billions of dollars in investment and lucrative contracts for some of its biggest names, is to wind down after losing the financial backing needed to continue. The Saudi-backed league announced on Thursday that it would begin an orderly liquidation process after failing to secure the financing required to stage tournaments beyond the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "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": "Gulf News",
        "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",
        "published": "2026-11-05T18:26:53.000Z"
      },
      {
        "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."
}