LIV Golf to liquidate after last-ditch financing rescue deal falls apart
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Future had been in question after Saudi funding pulled
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‘Orderly wind-down is most responsible path forward’
LIV Golf, which shook up world golf in 2022, will liquidate after losing big-name players and last-ditch financing it needed to stay alive, the breakaway circuit said on Thursday. Throughout the wind-down process, LIV Golf said it will remain open to, and continue to consider, any value-maximising alternatives with third parties that may arise.
“In light of the current circumstances, we believe shifting toward an orderly wind-down is the most responsible path forward for the League at this time,” Gene Davis and Jon Zinman of LIV Golf Board’s Special Committee said in a press release. LIV Golf had secured $300m of potential financing from BC Partners to allow the staging of tournaments in 2027 but scrapped the plan after a number of notable players opted not to commit to the league.
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