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LIV Golf to Wind Down After Five Years

League cites lack of financial support and investor withdrawal.

By Spark News Desk · · United States

Paul Casey tees off at Trump National in Bedminster, NJ, while competing for LIV Golf. Casey placed 6th at the LIV Golf Invitational Bedminster.
Image: JazzyJoeyD / Wikimedia Commons, CC BY-SA 4.0. Illustrative photo; may not show the events described.

LIV Golf has confirmed plans to wind down operations after five years, citing a lack of financial support and investor withdrawal.

The league, previously backed by Saudi Arabia’s Public Investment Fund, had aimed to relaunch as LIV 2.0 with new investors. However, BC Partners Credit, a potential financier, pulled out due to insufficient player commitments.

LIV Golf’s lawyer stated the decision was made to maximize value for stakeholders and remains open to future alternatives if circumstances change.

Why it matters

The wind-down impacts the viability of LIV 2.0 and the financial interests of stakeholders who had invested in the league’s future.

Sources

Written by the Spark News Desk with AI assistance and checked against the sources above. See our editorial policy. Spotted an error? Tell us.