Lawyers for LIV Golf have confirmed the Saudi-backed league will cease operations after five years, according to a report by Mike Bachmann for NBC Sports. The confirmation marks the end of a venture that reportedly spent $5 billion since its launch.
The league, which launched in 2022 as a rival to the PGA Tour, attracted top players with massive signing bonuses and guaranteed prize money. Its closure follows a framework agreement announced in June 2023 between the PGA Tour, DP World Tour, and the Public Investment Fund of Saudi Arabia to unify professional golf, though final terms were never completed.
No further details were provided on the timeline for winding down operations or the status of player contracts.
