LIV Golf to Wind Down After Five Years
League cites lack of financial support and investor withdrawal.
By Spark News Desk · · United States
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
- LIV confirms intention to wind down after five years — BBC Sport
- Saint Louis star Avila granted injunction to play this season — ESPN
Written by the Spark News Desk with AI assistance and checked against the sources above. See our editorial policy. Spotted an error? Tell us.