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What is the LIV Golf League and who owns it?

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The Editors of Encyclopaedia Britannica
Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree....
The Editors of Encyclopaedia Britannica
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LIV Golf is a professional men’s golf league founded in 2021 and originally backed by Saudi Arabia’s Public Investment Fund (PIF). It was created to challenge the dominance of the more established golf tours, the PGA Tour and the DP World Tour. At its inception the LIV Golf tour differed from the PGA Tour in format (54-hole tournaments instead of 72), in having teams, and in offering larger compensation packages to players. It switched to a 72-hole format for the 2026 season. The PIF announced in April 2026 that it would not fund the league after 2026, and five months later LIV Golf filed for bankruptcy. In November the organization told a bankruptcy judge it planned to liquidate and cease operations.