LIV GOLF CONFIRMS WIND-DOWN AFTER FINANCING DEAL COLLAPSES

LIV Golf has announced that it intends to "transition to an orderly wind-down of its operations", a statement issued on Thursday confirmed. The breakaway golf tour will cease operations five years after its launch. The announcement follows LIV's filing for Chapter 11 bankruptcy protection in the United States, a step that effectively cancelled players' existing contracts with the tour. LIV said its leadership team, supported by independent directors and advisors, had since April 2026 run "a disciplined and thorough process to identify the best, value-maximising path forward for the company and its stakeholders."

The wind-down follows the collapse of a financing deal reported by the Financial Times to be worth more than £200 million. BC Partners Credit had been lined up as a potential backer for the tour after Saudi Arabia's Public Investment Fund withdrew its support. According to the Financial Times, BC Partners pulled out of the deal following an exodus of star players from LIV. Among those to have left the tour are Jon Rahm, Sergio Garcia, Ian Poulter, Tyrrell Hatton, Louis Oosthuizen and Lee Westwood.

The proposed recapitalisation had been agreed under a Restructuring Support Agreement with BC Partners Advisors, the credit business of BC Partners. LIV had sought to implement the deal through voluntary Chapter 11 proceedings in the United States Bankruptcy Court for the District of New Jersey. In its statement, LIV said: "Despite extensive discussions, the relevant parties were ultimately unable to reach a consensual resolution of certain outstanding terms of the transaction contemplated by the RSA." The company gave no further detail on the timing or process of the wind-down.