Why is LIV Golf Shutting Down? The $5 Billion PGA Tour Gamble Fell Apart

FILE – Captain Bryson DeChambeau, of Crushers GC, putts on the 18th green during the final round of LIV Golf South Africa at The Club at Steyn City on March 22, 2026, in Midrand, South Africa. Photo: AP

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When LIV Golf burst onto the professional golf scene in June 2022, it promised to change the sport forever. Backed by enormous financial resources, the breakaway league attracted some of the biggest names in golf with eye catching contracts, guaranteed prize money and a fresh approach to the game. Four years later, however, that ambitious project is heading towards an orderly shutdown.

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LIV Golf has announced that it will liquidate, bringing an end to a turbulent chapter in professional golf. In a press release late on Thursday (November 5), members of the league's board special committee, Gene Davis and Jon Zinman, said: “In light of the current circumstances, we believe shifting ⁠toward an orderly wind-down is the most responsible path forward for the League at this time.”

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The announcement followed a hearing in New Jersey, where attorney Matthew Williams of Gibson Dunn disclosed that the organisation had abandoned plans to revive the business through a new investment arrangement.

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“The debtors are not…

Original source: https://www.timesnownews.com/sports

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