LIV Golf is reportedly winding down operations after investors pulled a $300 million financial lifeline, according to a report published Friday.
The Saudi-backed golf league, which launched in 2022 as a rival to the PGA Tour, has faced ongoing financial scrutiny despite its substantial backing. The latest development suggests the circuit may be scaling back or ceasing operations after less than five years.
No official statement from LIV Golf or its primary backer, the Public Investment Fund of Saudi Arabia, has been released regarding the reported funding withdrawal. The league's inaugural event took place at Centurion Club near London in June 2022, featuring major champions such as Phil Mickelson.
