LIV Golf plans to shut down

LIV Golf, a breakaway men's golf league backed by Saudi Arabia’s Public Investment Fund (PIF), is set to wind down operations after five years. The decision comes as London-based private equity firm BC Partners, which was set to provide up to $300 million in funding for "LIV 2.0," has withdrawn its support due to a lack of player commitment and interest. In September, LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey Bankruptcy Court, indicating it would wind down rather than proceed with the new version of the league. The league initially launched in 2022 and had lured high-profile players such as Bryson DeChambeau, Jon Rahm, Brooks Koepka, and Phil Mickelson with reported nine-figure contracts. After PIF withdrew its funding earlier this year to redirect money towards domestic projects amid financial pressures, LIV sought alternative financing but failed to secure enough support from players for a sustainable future.