LIV Golf Faces Winder Down After Investor Withdraws Support
LIV Golf is set to be wound down after its investor withdrew support as the proposed new league failed to attract enough players.
LIV had hoped BC Partners Credit would provide up to $300 million (£223 million) in financing after Saudi Arabia's Public Investment Fund (PIF) withdrew its backing in April, leading to the league filing for bankruptcy protection in September.
The funding could have aided the competition's continuation in a new form, LIV 2.0, but BC Partners decided against pursuing a deal. While top players like Jon Rahm and Sergio Garcia had already departed, sources tell BBC Sport that LIV 2.0 had secured commitments from co-investors, support from within the golf community, and around 30 players signed on, including major winners.
However, timeline constraints ultimately proved insurmountable, and necessary agreements eluded them. The league faced a deadline to demonstrate sufficient player support for 2027.
The PIF, which provided the debtor-in-possession (DIP) loan to fund the restructuring process, is expected to announce in a court hearing on Thursday that the LIV 2.0 proposal is not viable.
Lee Westwood, one of the most prominent players to join LIV when it launched in 2022, stated on Tuesday: "There hasn't been anything presented to me that is agreeable for LIV 2.0." He added, "There are still a lot of things on that which need fine-tuning."
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