LIV Golf set to wind down after investor withdraws support for LIV 2.0
LIV Golf, the Saudi-funded breakaway league that split men's golf, is set to be wound down after investor BC Partners Credit decided a deal to finance a relaunched 'LIV 2.0' was not viable, BBC Sport reports. An attorney for LIV is expected to tell a court hearing on Thursday that the plan cannot go ahead.
LIV Golf is set to be wound down after its prospective investor withdrew support because the proposed new version of the league failed to attract enough players, BBC Sport reports.
LIV had hoped BC Partners Credit would provide up to $300m (£223m) in financing after Saudi Arabia's Public Investment Fund (PIF) pulled its backing in April, a move that led the league to file for bankruptcy protection in September. BC Partners is understood to have concluded the deal was not viable. An attorney for LIV is expected to tell a court hearing on Thursday that the 'LIV 2.0' proposal cannot proceed.
Those working on the relaunch had about 30 players signed up, including major winners, but could not secure the agreements they needed in time. A loose deadline to confirm players for 2027 passed last Sunday. Stars such as Jon Rahm, Sergio Garcia, Ian Poulter and Tyrrell Hatton had already left, and the DP World Tour said players who signed for LIV next season would be barred from membership in 2027, ending any Ryder Cup hopes.
Launched in 2021, LIV lured major champions including Rahm and Bryson DeChambeau with huge contracts and prize money, as PIF spent more than $5bn (£3.7bn). Its 2026 season ended early, with an August event in Indianapolis proving to be the last.