LIV Golf to liquidate after BC Partners financing collapses
LIV Golf said in a press release on Thursday, November 5, 2026, that it will liquidate after a proposed $300m financing package from BC Partners collapsed when a number of notable players opted not to commit to the league. The organisation added it will remain open to, and continue to consider, any value‑maximising alternatives with third parties during an orderly wind‑down.
The breakaway circuit, which burst onto the scene in June 2022 with high‑profile signings and guaranteed paydays, had its future thrown into doubt after the Saudi Arabia Public Investment Fund said in late April it would withdraw funding following the now‑completed 2026 season. The fund said it had poured more than $5bn into LIV Golf. The circuit filed for bankruptcy protection in September, and leading golfers including the former world No 1 Jon Rahm subsequently announced their departures.
LIV Golf said it had secured $300m of potential financing from BC Partners to allow the staging of tournaments in 2027 but scrapped the plan after a number of notable players opted not to commit to the league. "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," Gene Davis and Jon Zinman of LIV Golf Board’s Special Committee said in a press release. The league said it would proceed with an orderly wind‑down while remaining open to third‑party options.
The PGA Tour refused to let members compete in LIV events and suspended defecting golfers including Bryson DeChambeau, Dustin Johnson, Brooks Koepka and Phil Mickelson. Those suspensions triggered a wave of legal battles, including an antitrust lawsuit in which DeChambeau, Mickelson and others accused the PGA Tour of using monopoly power to penalise independent contractors. In June 2023 the PGA Tour and the Saudi fund announced a framework to form one unified commercial entity and end the litigation.
As talks stalled, the PGA Tour enlisted Donald Trump in the hope the US president, an avid golfer whose courses have hosted multiple LIV events, could broker a deal. The PGA Tour ultimately rejected the Saudi fund’s offer to invest $1.5bn on condition that LIV Golf would remain intact and fund governor Yasir al‑Rumayyan would co‑chair the PGA Tour Enterprises’ board. Critics accused LIV Golf of being a vehicle for Saudi Arabia to improve its reputation and deflect criticism of its human rights record; the Saudi government denies accusations of human rights abuses.
"Building a global platform designed to bring new, younger, and more diverse fans to the sport of golf has been the round of a lifetime for all of us," LIV Golf’s chief executive Scott O’Neil said. "LIV Golf was fun, demanding, inspiring, at times challenging – but always rewarding."
The league has concluded that an orderly wind‑down is the most responsible course of action and will pursue liquidation while remaining receptive to any third‑party proposals that could maximise value during the wind‑down process.