LIV Golf to wind down after relaunch plan fails

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LIV Golf is to wind down operations after failing to secure the financial backing and player support needed for its proposed relaunch. A lawyer for the league confirmed the decision at a bankruptcy court hearing in New Jersey on Thursday, 5 November.

Matthew Williams told the court that the organisation was no longer proceeding with its LIV 2.0 plan. ESPN reported that a new Chapter 11 plan would be filed on Monday, replacing the effort to establish a financially viable successor league.

The change follows BC Partners’ decision on Wednesday to withdraw its proposed $300 million investment. The firm had been expected to replace Saudi Arabia’s Public Investment Fund as the main source of finance for the next version of the competition.

PIF announced in April that it would stop funding LIV after the 2026 season, having invested more than $5 billion since the league began in 2022. LIV subsequently filed for bankruptcy protection on 8 September.

At that stage, the league presented the court-supervised process as a route to a new business model, with players sharing in the value of the competition and team golf remaining central. Its published restructuring message described a plan to address existing financial obligations and complete a transaction with new investors.

The attempted relaunch lost the support of several leading players. Jon Rahm and Tyrrell Hatton were among those who decided against continuing with LIV’s next version.

Thursday’s court statement confirms that the organisation is now pursuing a wind-down rather than that relaunch. LIV said it would continue considering outside proposals during the process, leaving scope for alternatives if circumstances change. The remaining bankruptcy proceedings will continue.