Overview
- Regulatory filings report roughly $5 billion in cumulative losses for LIV Golf, intensifying questions about long‑term sustainability.
- Brooks Koepka has returned to the PGA Tour under its one‑time Returning Member Program, while Patrick Reed has left LIV and is eligible for PGA reinstatement in August.
- The PGA Tour’s deadline for the Returning Member Program passes with Jon Rahm, Bryson DeChambeau and Cameron Smith set to remain on LIV in 2026, with Rahm and Tyrrell Hatton voicing respect for Reed’s choice.
- The DP World Tour says it is in individual talks that could stop new fines for members playing LIV events in 2026, though previously issued penalties would remain and LIV is no longer paying players’ fines after January 1, 2026.
- LIV will switch to 72‑hole events in 2026 to bolster its OWGR case, a change DeChambeau publicly questioned even as he committed for the current season, with some reports also describing large extension demands as unconfirmed.