LIV Golf plans orderly wind-down after financing deal collapses
Sport · First reported 5 Nov, 17:13 · Updated 18:28
LIV Golf says it will liquidate after losing expected financing and player commitments, while remaining open to alternatives during the wind-down.
- LIV Golf says it will liquidate and pursue an orderly wind-down, while remaining open to alternatives with third parties.
- The league had secured $300 million in potential BC Partners financing for 2027 tournaments, but dropped the plan after players declined to commit.
- The Saudi Arabia Public Investment Fund had said it would stop funding LIV after the 2026 season.
Summary written by Lux AI from 2 articles
Key facts
- Decision
- LIV Golf says it will liquidate and wind down.
- Potential financing
- $300 million from BC Partners for 2027 tournaments; the plan was scrapped.
- Funding
- The Saudi Arabia Public Investment Fund planned to end support after the 2026 season.
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Background
- An earlier Lux story reported that Jon Rahm was unimpressed by LIV Golf 2.0 as he prepared for a DP World Tour return.
- Another earlier Lux headline said Rahm was open to accepting penalties to return to the PGA Tour after leaving LIV Golf.
- An earlier Lux story said Sergio Garcia planned to play on the DP World Tour in 2027 and was keeping open other possibilities.
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Ownership
- Public broadcaster 33% (2)
- Unknown 17% (1)
- Non-profit 17% (1)
- Corporation 17% (1)
- Government 17% (1)
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