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‘Seismic’ Announcement: Is LIV Golf on the Brink of Being Shut Down?
Reports say the Saudi-backed tour is under financial strain as executives meet amid speculation of a shutdown and a $5.3 billion PIF investment.
- On Wednesday, LIV Golf executives were summoned to Manhattan for an 'emergency summit' amid widespread speculation that the Saudi-backed circuit is nearing shutdown. Reports suggest a 'bombshell announcement' regarding the organization's future is imminent.
- The Saudi Public Investment Fund has funneled $5.3 billion into the venture as of early 2026, yet the league recorded operating losses of $394 million in 2023 and struggled to improve television ratings or cultural traction.
- LIV Golf's Mexico City tournament is currently underway at Club de Golf Chapultepec, though organizers canceled Tuesday's news conference citing 'technical issues' as executives attended the Manhattan summit.
- Golfer Sergio Garcia noted that PIF Governor Yasir Al-Rumayyan previously promised a 'long-term project,' yet stars Brooks Koepka and Patrick Reed have already exited to rejoin the PGA Tour.
- Claims that Saudi Arabia's crown prince aims to use the U.S.-Iran war as 'Force Majeure' to pull the plug have fueled closure speculation, though LIV Golf has yet to issue an official statement.
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NEW: Major Pro Sports League Calls 'Emergency Summit' As Shut Down Rumors Swirl
LIV Golf, a professional men’s golf tour funded by Saudi Arabia’s Public Investment Fund, has an uncertain future after reports of an emergency executive meeting in New York and circulating rumors about its future. The developments come as the tour prepares for its event in Mexico City. LIV Golf was established in October 2021 as LIV Golf Investments, with its inaugural season beginning in June 2022. The tour’s name derives from the Roman numera…
The IndependentReposted by 
The Independent (US)
The Independent (US)LIV Golf in danger of shutting down after emergency meeting
The Saudi Arabia-backed tour is facing a potential shutdown with investors rumoured to be considering their options
·London, United Kingdom
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Coverage Details
Total News Sources23
Leaning Left8Leaning Right8Center4Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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