LIV Golf Is Over As League Is To Wind Down

LIV Golf signage — (Image credit: Getty Images)

Despite some talk of a late reprieve, the LIV Golf era is over as a bankruptcy court was told on Thursday that the league would be wound down.

Reports of LIV's demise emerged on Wendesday as proposed investors BC Partners pulled out of their $300m rescue deal to get 2.0 off the ground.

And at a Thursday bankruptcy hearing it was confirmed that a deal could not be agreed and now LIV Golf would enter liquidation.

A LIV Golf statement read: "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.

"As a result the RSA has been terminated, and the transaction is not expected to move forward at this time."

Gene Davis and Jon Zinman of LIV Golf Board’s Special Committee praised CEO Scott O'Neil for his efforts in trying to scure investment for 2.0 to get off the ground.

“Scott and his leadership team ran a disciplined process and brought credible options to the table in pursuit of a complex transaction that would secure the League’s future,” said Gene Davis and Jon Zinman of LIV Golf Board’s Special Committee.

“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. The dedication of LIV Golf’s players, employees, partners, and fans made everything the League accomplished possible, and we thank BC Partners Credit for its considerable time and effort, the Public Investment Fund of Saudi Arabia (“PIF”) for its partnership, and the League’s advisors for their work throughout this process.”

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Paul Higham is a sports journalist with over 20 years of experience in covering most major sporting events for both Sky Sports and BBC Sport. He is currently freelance and covers the golf majors on the BBC Sport website. Highlights over the years include covering that epic Monday finish in the Ryder Cup at Celtic Manor and watching Rory McIlroy produce one of the most dominant Major wins at the 2011 US Open at Congressional. He also writes betting previews and still feels strangely proud of backing Danny Willett when he won the Masters in 2016 - Willett also praised his putting stroke during a media event before the Open at Hoylake. Favourite interviews he's conducted have been with McIlroy, Paul McGinley, Thomas Bjorn, Rickie Fowler and the enigma that is Victor Dubuisson. A big fan of watching any golf from any tour, sadly he spends more time writing about golf than playing these days with two young children, and as a big fair weather golfer claims playing in shorts is worth at least five shots. Being from Liverpool he loves the likes of Hoylake, Birkdale and the stretch of tracks along England's Golf Coast, but would say his favourite courses played are Kingsbarns and Portrush.