LIV Golf winds down and will liquidate its assets after BC Partners drops a rescue plan
Summary
With not enough top golfers committed to return in 2027, BC Partners is pulling out of its deal to invest $300 million in LIV 2.0, sources told ESPN on Wednesday 4 November. On Thursday 5 November CNBC reported that LIV Golf faces liquidation after BC Partners dropped a proposed $300 million rescue plan amid insufficient player commitments, and LIV Golf confirmed it is winding down operations after the league couldn't get the necessary financial commitment and player support to proceed with LIV 2.0, ESPN reported. A lack of funding and player commitments prompted LIV Golf to tell a bankruptcy court it will liquidate its assets and halt plans to relaunch the league, the LA Times reported, and a lawyer said in the bankruptcy hearing that LIV Golf is winding down operations, according to The Philadelphia Inquirer, which wrote that LIV Golf is shutting down after losing Saudi funding and struggling to find a new investor to resurrect the rival to the PGA Tour.
Latest: LIV Golf confirmed it is winding down operations after the league couldn't get the necessary financial commitment and player support to proceed with LIV 2.0, ESPN reported, the LA Times writing that LIV Golf told a bankruptcy court it will liquidate its assets and halt plans to relaunch the league, after BC Partners dropped a proposed $300 million rescue plan, according to CNBC.
Written automatically by an AI from the articles' headlines and descriptions. It can contain errors: follow the links to read the articles.
How it unfolded
Thursday 5 November
LIV Golf confirmed it is winding down operations after the league couldn't get the necessary financial commitment and player support to proceed with LIV 2.0, ESPN reported, the LA Times writing that LIV Golf told a bankruptcy court it will liquidate its assets and halt plans to relaunch the league, after BC Partners dropped a proposed $300 million rescue plan, according to CNBC.
- 13:13LA Times LIV Golf's bid to survive collapses as investors and top players pull out
- 12:57Forbes LIV Golf Is Shutting Down And Liquidating Assets
- 12:47The Philadelphia Inquirer LIV Golf is winding down operations after rival tour fails to find new investor, lawyer says in bankruptcy hearing
- 12:31ESPN LIV Golf to wind down operations after failing to get support for 2.0 model
- 12:25NBC News LIV Golf is headed toward bankruptcy barring a last-minute rescue
- 11:48The Philadelphia Inquirer LIV Golf is winding down operations, lawyer says in bankruptcy hearing
Wednesday 4 November
With not enough top golfers committed to return in 2027, BC Partners is pulling out of its deal to invest $300 million in LIV 2.0, sources told ESPN.