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Report: LIV Golf's Financial Backer Dropping Plan for New League in 2027
The proposed 10-tournament reboot lacked enough player support as LIV Golf moves toward possible liquidation in bankruptcy court, the Financial Times reported.
- On Wednesday, LIV Golf's main investor scrapped plans for "LIV 2.0" because the league lacked sufficient player support, The Financial Times reported, complicating efforts to emerge from Chapter 11 bankruptcy.
- The Public Investment Fund of Saudi Arabia announced in April it would stop funding the league after the 2026 season, forcing the organization to seek alternative financial models.
- BC Partners Credit had pledged $300 million for "LIV 2.0," which planned 10 tournaments and player equity; LIV CEO Scott O'Neil called this equity a "second bite of the apple."
- A Thursday hearing in U.S. Bankruptcy Court will likely shift toward LIV Golf seeking asset liquidation, as star players including Jon Rahm, Brooks Koepka, and Sergio Garcia have departed.
- The European tour declared that players signing with the new league would face ineligibility for the Ryder Cup, an ultimatum that significantly impacted the organization's ability to retain top talent.
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Report: LIV's financial backer dropping plan for new league in 2027
LIV Golf's future is in doubt after a Financial Times report that its main investor is dropping plans for LIV 2.0.
·Jacksonville, United States
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Coverage Details
Total News Sources14
Leaning Left3Leaning Right0Center10Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
L 23%
C 77%
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