LIV Golf Shuts Down After $5 Billion Saudi Gamble, Ending Fox Sports Run

LIV Golf is shutting down after a five-year run that disrupted professional golf. The league announced in bankruptcy court that it will wind down operations instead of pursuing a LIV 2.0 plan due to insufficient support. After spending over $5 billion to lure top players from the PGA Tour with massive bonuses, the organization lost its Saudi Arabia funding in April. This collapse also ends its broadcasting partnership with Fox Sports as the entity files for Chapter 11.