LIV Golf is preparing to announce on Thursday that it will wind down operations after a financing firm withdrew its backing, the organisation said. The decision follows the retraction of support by a key financier and will bring an abrupt change to the circuit's short-term plans.
The announcement is expected to outline how the wind-down will be managed and what it means for contracted players, employees, tournaments and commercial partners. Organisers have not yet published a detailed timetable for winding down activities or how existing obligations will be resolved.
The news will add to uncertainty across the professional golf landscape, with stakeholders — including players, national and international governing bodies, sponsors and broadcasters — likely to assess the implications for schedules, contracts and broadcast arrangements. Many involved parties will be watching the formal statement for details about any transitional arrangements.
LIV Golf’s development and its impact on the sport have drawn considerable attention in recent years. The planned wind-down marks a significant moment for the circuit and could prompt further discussions among golf’s wider ecosystem about the future structure of professional competition.
What happens next
Officials said the forthcoming announcement will set out immediate next steps. Industry observers expect further communications from commercial partners and governing bodies as they evaluate the operational and contractual ramifications of the decision.