LIV Golf collapses immediately as $5bn project in ruins after top players walk away

Daily Mirror · Matthew Abbott · 2026-11-05 17:31 UTC

LIV Golf spent $5billion over five years on a project that is now in ruins after collapsing because top players walked away from the league throughout this year

LIV Golf spent $5billion over five years on a project that is now in ruins after collapsing because top players walked away from the league throughout this year

LIV Golf's lawyers have announced in a bankruptcy court hearing that they are not proceeding with their plan for a so-called "2.0" iteration. Instead, they are winding down the business and will begin their liquidation process as soon as Monday, selling off all of its remaining assets.

The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, stopped backing the league in April. A court-supervised restructuring process then began in September after LIV filed for Chapter 11 bankruptcy to restructure in time.

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