LIV Golf has announced a plan for liquidation, marking the end of the Saudi-backed professional golf league, according to a report by Brentley Romine of Golf Channel on Thursday.
The announcement signals the conclusion of the circuit that launched in 2022 and disrupted the global golf landscape with its team-based format and substantial prize funds. Details regarding the timeline for winding down operations, player contracts, and the disposition of league assets were not immediately disclosed.
LIV Golf's departure removes a major competitor from the professional golf ecosystem, which had seen ongoing tensions between the league and established tours such as the PGA Tour and DP World Tour. The league had attracted several major champions and high-profile players with lucrative signing bonuses and guaranteed money.
