LIV Golf collapses, leaving stain on players
The gist
LIV Golf told a New Jersey bankruptcy court it will liquidate and halt its relaunch plans.
Former LIV players cannot return to the PGA Tour until Aug 24, 2027.
How it unfolded
- Apr 2026Saudi crown prince Mohammad bin Salman decided the sportswashing value no longer justified the spending, and Saudi funding was pulled in late April.
- Jun 2026PIF made a nearly $500 million loan to LIV Golf.
- Sep 2026LIV Golf filed for Chapter 11 bankruptcy protection in early September.
Key terms
- LIV Golf
- A professional men's golf tour funded by Saudi Arabia's sovereign wealth fund, named after the Roman numeral 54.
- PGA Tour
- An organizer of professional golf tournaments in North America, also the name of its flagship annual series.
- Chapter 11
- A section of the U.S. Bankruptcy Code that permits businesses and individuals to reorganize rather than liquidate.
Source: Wikipedia