“The power battle for golf, and its biggest players, might not be over just yet” – says sport finance expert following LIV Golf bankruptcy claim.

a golfer making a putt
Image provided by Getty.

The news that LIV Golf is filing for bankruptcy protection with at least $45m (£33m) owed to players sent shockwaves through the sporting world this week. The breakaway league, which has proved controversial since its inception in 2021, now faces an uncertain future. Loughborough University’s sport finance expert Dr Dan Plumley believes golf’s power battle has now swung back in the favour of the PGA…but at a cost.  

“Five years on from LIV’s inception, golf’s power battle appears to have swung back in favour of the PGA. However, it may feel like victory but at a cost. The PGA have had to function without some of the biggest names in the sport for the last few years and has had to bolster their prize money as a result, even going so far as to create a for-profit business model that offers the players future equity stakes in the company.

“Viewed through this lens, the entry of LIV Golf, while controversial, did act as a catalyst for both innovation and defensive consolidation within the sport. The response from the PGA Tour was immediate and material, most notably through significant increases in prize money and the acceleration of strategic alignment with the DP World Tour. The introduction of PGA Tour cards for the top performers in the Race to Dubai was a clear signal of intent: to strengthen institutional ties and reinforce the traditional ecosystem in the face of external disruption.

“There are other areas where LIV has added value. Its expansion into non-traditional golf markets such as South Africa and Australia has demonstrated the potential to globalise the sport beyond its established strongholds. However, the absence of a consistent global schedule, coupled with diluted star power and limited audience traction, has constrained its ability to build sustained fan engagement. The challenge for LIV Golf, therefore, is not simply financial, rather it becomes existential. It must define a model that is both commercially viable and competitively credible within an increasingly contested global golf ecosystem.

“We will most likely see this through LIV 2.0, providing the funding can be secured. This will see a major scaling back in prize funds, with the ambition being around a £7m purse for tournaments, well below the leading events on the PGA Tour, but above most competitions on Europe’s DP World Tour. Whether this is enough to attract the biggest names again, and the future relationship with the PGA Tour, remains is open to question. The power battle for golf, and its biggest players, might not be over just yet. Perhaps this might also be for the better of the sport in the long run.

“A future in which both models (PGA and LIV) coexist could, if appropriately governed, enhance the overall product, driving improvements in player compensation, fan engagement and commercial strategy. The challenge, and indeed the opportunity, lies in whether the sport can reconcile these competing forces into a more coherent and sustainable global structure.”

For further comments or interview requests with Dr Dan Plumley, please email the PR team or call 01509 228686.

Press Release Reference: 26/203

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