LIV Golf is dead: Lawyers confirm winding down process in bankruptcy court as last-gasp $300m revival fails
LIV Golf is shutting down after a tumultuous five-year, $5 billion saga that tore golf in two.
Some of golf’s biggest names – including Bryson DeChambeau, Dustin Johnson, Phil Mickelson and Brooks Koepka – signed mega-money deals to turn their back on the PGA Tour.
But the future of the breakaway tour has been in doubt ever since Saudi Arabia’s Public Investment Fund announced it would stop funding.
It was hoped that, with new investment, LIV 2.0 could survive without being bankrolled by the Middle East.
As reported by The Athletic, however, LIV Golf’s lawyers confirmed in a hearing in New Jersey on Thursday that the entity was shifting its plans from restructure to full liquidation.
‘We believe the wind down path is the best path,’ attorney Matthew Williams said, per Golfweek, with the league slated to begin liquidating assets from Monday.
LIV Golf’s lawyers confirmed on Thursday that league was shifting plans to full liquidation
It comes after BC Partners Credit decided to drop its $300 million backing of a new iteration of the league.
After the Saudi Public Investment Fund announced plans to cut funding, the league’s 2026 season ended earlier than expected due to financial difficulties.
In September, the league filed for Chapter 11 bankruptcy protection in September, with BC Partners committing to investing around $300 million as long as certain conditions were met.
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