LIV Golf Plans For Liquidation After Investors Back Out

by Arop KualNovember 6, 2026, 3:46 pm >

LIV Golf has now ended. The league met in New Jersey bankruptcy court; it took less than 10 minutes for LIV to enter liquidation and wind down operations.

The liquidation plan still needs approval from LIV and the creditors committee, which will meet on November 20. Another bankruptcy hearing is scheduled for November 24.

“We believe the wind-down path is the best path, said LIV attorney Matthew Williams during the brief hearing.

This decision follows investors backing out of keeping the league afloat.

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BC Partners emerged as a potential financial backer for the league and planned a 2027 relaunch. BC Partners dropped its $300 million bid.

In recent months, BC Partners evaluated whether it had enough players and star power to push through with a new league. LIV 2.0 attracted interest from a huge pool of players, 30 or more for the 2027 season, but it lacked the star power necessary to make the league viable. After complex negotiations with a group of high-profile players and with time running out, BC Partners left the project.

“While there was great support for the league, we are disappointed that mutually acceptable terms could not be reached among the various stakeholders,” BC Partners said in a statement.

In August, BC Partners had pledged a $4 million loan for the opportunity to take on LIV’s accumulated tax losses, which would offset any taxable income generated by LIV 2.0.

LIV will now have to sell assets to compensate its creditors, including players and vendors. According to court documents, LIV has between $100 million and $500 million in assets; this includes real estate, remaining contracts, intellectual property, and trademarks.

LIV’s downfall began when Saudi Arabia’s Public Investment Fund left the project after being LIV’s initial and longtime backer. The sovereign wealth fund shifted its investment strategy following the start of the Iran War.

After the PIF left the project, spending $5 billion, LIV began canceling tournaments, including its season-ending team championship, and cutting costs through layoffs and other measures.

“Building a global platform designed to bring new, younger, and more diverse fans to the sport of golf has been the round of a lifetime for all of us,” LIV CEO Scott O’Neil said in a statement. “LIV Golf was fun, demanding, inspiring, at times challenging — but always rewarding. … We created memories that I hope will inspire a new generation of fans to follow, play, and fall in love with this great game.

“We thank our partners at the PIF for their collaboration and support, and BC Partners Credit for its engagement throughout this process. We are also deeply grateful to our employees, Board, advisors, and fans around the world, whose dedication, resilience, and belief made this remarkable journey possible.

“Golf has given so much to so many, and my hope is that those entrusted with its future will lead with the generosity, perspective, and shared purpose this extraordinary game deserves.”