LIV Golf to liquidate after last-ditch financing rescue deal falls apart

Future had been in question after Saudi funding pulled ‘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 o

Future had been in question after Saudi funding pulled ‘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. Continue reading...