LIV Golf decided to liquidate its assets and shut down
LIV Golf will wind down operations and liquidate its assets rather than pursue “LIV 2.0,” lawyer Matthew Williams told a New Jersey bankruptcy court Thursday. Williams said the league could not secure the financial and player support needed for a viable relaunch, ending its effort to continue as a professional tour.
More context
Matthew Williams, a lawyer for LIV Golf, told a New Jersey bankruptcy court Thursday that the league would liquidate its assets and shut down rather than pursue a restructured “LIV 2.0.” Williams said the league could not secure the combined financial and player support needed for a viable new version within the required timeline. BC Partners decided Wednesday not to invest $300 million in LIV 2.0 after failing to reach terms with other key stakeholders, ESPN reported. Williams said the wind-down decision was made Thursday morning and was the likeliest way to maximize value for creditors. The league filed for bankruptcy protection in New Jersey in September; it had previously planned a player-owned tour for the 2027 season. ESPN reported that more than $5 billion had been spent since LIV Golf’s 2021 launch.
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Reporting
- USA Today — LIV Golf is shutting down after BC Partners $300M deal collapses
- Sky Sports — LIV Golf bankruptcy hearing: League scraps plans to launch 'LIV 2.0' and 'winding down operations' after losing funding | Golf News | Sky Sports
- Global News — LIV Golf set to wind down operations, lawyers say
- ESPN — LIV Golf to shutter the league after failing to get support - ESPN
Verifier’s note
Sky Sports, USA Today, Global News, and ESPN all report that LIV Golf will wind down operations after failing to secure sufficient backing for LIV 2.0. Their coverage describes the decision announced at a bankruptcy-court hearing on November 5, 2026, consistent with the proposed event and its timing.