AI Image
LIV Golf is officially dead after bankruptcy court reveal
New York Post • • general
Key Points:
- LIV Golf is officially shutting down as its lawyers announced plans for full liquidation in New Jersey bankruptcy court, abandoning earlier hopes to restructure the league.
- BC Partners withdrew its $300 million bankruptcy support after Saudi Arabia’s Public Investment Fund cut off the $5 billion cash flow that had sustained LIV through five seasons.
- Several top players, including Jon Rahm and Sergio Garcia, have left the league, with Rahm forfeiting $100 million in claims to exit his contract and rejoin the European Tour.
- LIV Golf faced major setbacks including loss of alliances with the Asian Tour and European Tour, and a one-year ban on its players from the PGA Tour, complicating any potential comeback.
- Despite attempts to launch LIV 2.0 with new player equity and prize money plans, the league's final event was in August 2023, marking the end of the controversial Saudi-backed golf venture.
