LIV confirms intention to wind down after five years
LIV Golf confirms its intention to wind down because of a lack of player and financial support.
Key points
- LIV Golf confirmed it intends to wind down after its investor BC Partners Credit pulled out on Wednesday.
- Lawyer Matt Williams told a bankruptcy court the league is not proceeding with LIV 2.0.
- PIF withdrew its backing in April, and LIV filed for bankruptcy protection in September.
LIV Golf has confirmed it intends to wind down operations after failing to secure enough financial and player support for a planned revamp known as LIV 2.0. The league's lawyer, Matt Williams, told a bankruptcy court hearing on Thursday that LIV is "not currently proceeding" with LIV 2.0 and is moving to a value-maximising wind-down.
The decision followed the withdrawal on Wednesday of the credit division of investment firm BC Partners, which had offered up to $300m (£223m) in financing. Williams said the investors pulled out mainly because not enough players had signed up.
How the league reached this point
LIV, previously funded by Saudi Arabia's Public Investment Fund, had its backing withdrawn in April and filed for bankruptcy protection in September. High-profile players including Jon Rahm and Sergio Garcia have left in recent weeks, and the 2026 season ended early, with an August event in Indianapolis proving to be the last.
LIV had announced a 2027 schedule, including an event in Adelaide from 18-21 March at Kooyonga Golf Club. A disclosure statement and wind-down plan are due to be filed by 9 November.
Despite everyone's best efforts we just couldn't get to the level of combined financial and player support necessary for a viable LIV 2.0 within the required timeline
— Matt Williams
Reaction in court
PIF lawyer Scott Greissman told the court the fund had learned of the decision a few hours earlier and said "we respect the decision". He added that PIF looks forward to working toward an orderly wind-down by the end of the year.
LIV CEO Scott O'Neil said building a global platform to bring new and younger fans to golf had been "the round of a lifetime" for everyone involved.
