LIV Golf is set to be wound down after its investor withdrew support, deeming the proposed new league unviable. The breakaway competition had hoped BC Partners Credit would provide $300m in financing after Saudi Arabia's Public Investment Fund (PIF) withdrew its backing in April, leading to a bankruptcy filing in September. The funding was intended to help transition to LIV 2.0, but BC Partners decided against the deal.
Despite commitments from around 30 players, including major winners, sources say timelines proved insurmountable. PIF, which provided a debtor-in-possession loan, is expected to announce the proposal's failure in a court hearing. Since its 2021 launch, LIV Golf has been one of golf's most tumultuous episodes, with PIF spending over $5b to lure stars like Jon Rahm and Bryson DeChambeau with lucrative contracts.
However, the league faced uncertainty after the 2026 season ended early in August. Lee Westwood, a high-profile early joiner, expressed skepticism about the revamp, while DeChambeau hopes the league "exists forever.".
Source: BBC Sport · Summarized by HeadlinesBriefing