LIV Golf Announces Permanent Closure After Funding Collapse

LIV Golf Announces Permanent Closure After Funding Collapse and Bankruptcy

Nine.com.au • 05 Nov 17:46

LIV Golf said it will wind down operations following the withdrawal of Saudi funding and the failure of a proposed $300 million investment, after filing for Chapter 11 bankruptcy in September.

LIV Golf to Wind Down Operations After Funding Loss, Lawyer Says

CBC • 05 Nov 17:42

A lawyer for LIV Golf told a New Jersey bankruptcy court that the organization will not pursue its planned LIV 2.0 series and will instead focus on a value-maximizing wind-down.

Private-equity firm BC Partners withdraws planned $300 million funding for LIV Golf

Global Golf Post • 05 Nov 16:35

BC Partners has abandoned a proposed $300 million investment in LIV Golf, raising the likelihood that the league will enter liquidation after missing a player-commitment deadline.

Rory McIlroy backs DP World Tour, criticises LIV Golf's impact on the sport

NBC Sports • 05 Nov 02:22

Rory McIlroy endorsed DP World Tour CEO Guy Kinnings's view that LIV Golf has turned professional golf into an "arms race" and warned that participation in LIV could affect Ryder Cup captaincy eligibility.

LIV Golf's major backer abandons LIV 2.0 plan amid insufficient player commitment

Sportsnet.ca • 04 Nov 22:55

BC Partners Credit has withdrawn its $300 million pledge for a new LIV Golf series after failing to secure enough player participation, prompting the league to focus on liquidation of its assets.

BC Partners withdraws planned $300 million investment, raising doubts over LIV Golf's future

Yahoo Sports • 04 Nov 21:34

BC Partners has ended its plan to fund a new version of LIV Golf, and the league is expected to seek liquidation of its assets following a bankruptcy hearing.

BC Partners Credit withdraws bid to revive LIV Golf, cites lack of player commitments

TSN • 04 Nov 21:22

BC Partners Credit has ended its effort to relaunch the LIV Golf tour after failing to secure sufficient player support, and the tour will now move toward liquidation of its assets.

McIlroy backs DP World Tour's plan to readmit former LIV players in 2027

ESPN • 04 Nov 12:58

Rory McIlroy said he supports the DP World Tour's decision to allow ex-LIV Golf members to return next season, citing the need for a sustainable reset in professional golf.