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Video · CBS News — LIV Golf is shutting down after 5 years of controversy and backlash
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Saudi-Backed LIV Golf, After Five Years Trying to Challenge PGA Tour, Is Shutting Down

LIV Golf, the pro-golfing startup venture whose biggest investor was the sovereign wealth fund of Saudi Arabia, is shutting down after it couldn’t reach an agreement with a new investor on a bankruptcy reorganization. The league was founded in 2021 by a group of pro golfers, led by Phil Mickleson and Greg Norman, who…

Covered by 5 sources from 2 countries. First reported by Variety ·

Headlines compared

Common ground: most headlines mention “LIV Golf”, “shutting” and “years”.

Different angles:

  • Variety “Trying to Challenge PGA Tour”
  • Deadline “Last Ditch Financing Plan Fails”
  • CBS News “controversy and backlash”

How 5 newspapers cover this story

  1. VarietyUnited StatesFirst report

    Saudi-Backed LIV Golf, After Five Years Trying to Challenge PGA Tour, Is Shutting Down

    LIV Golf, the pro-golfing startup venture whose biggest investor was the sovereign wealth fund of Saudi Arabia, is shutting down after it couldn’t reach an agreement with a new investor on a bankruptcy reorganization. The league was founded in 2021 by a group of pro golfers, led by Phil Mickleson and Greg Norman, who…

  2. DeadlineUnited States

    LIV Golf Shutting Down After Last-Ditch Financing Plan Fails

    Five years after it began its quest to upend a genteel sport with billions in Saudi Arabian money and brash style, LIV Golf is liquidating its operations. The would-be rival to the PGA Tour, which was championed by major winner Phil Mickelson and run by another former player of note, Greg Norman, had financing in

  3. The VergeUnited States

    Salon is shutting down after 31 years

    Salon launched 31 years ago as one of the first online-only news magazine outlets, and it announced today in an unsigned post that it's ceasing publication. The company said that the "business realities of independent digital journalism have changed profoundly over the years," and it decided that its publishing model…

  4. The New Zealand HeraldNew Zealand

    LIV Golf to shut down after five contentious years

    Saudi Arabia’s PIF had invested an estimated US$5b in LIV since 2022.

  5. CBS NewsUnited States

    LIV Golf is shutting down after 5 years of controversy and backlash

    LIV Golf is dissolving after five years marred by controversy. The Athletic's Gabby Herzig joins CBS News with more.

Coverage details

5 outlets from 2 countries are covering this story: Variety, Deadline, The Verge, The New Zealand Herald and CBS News. Variety published it first, on November 5, 2026; the last outlet to join was CBS News, 23 hours later.

Key names in the coverage: LIV Golf, Saudi Arabia and Greg Norman.

By country: United States (4), New Zealand (1).

More news from November 5, 2026 →

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