Key facts
- LIV Golf's lawyers said at a New Jersey bankruptcy hearing that the league would not restructure and would move toward full liquidation.
- LIV lost its one-time backer, the Saudi Arabia Public Investment Fund, before the hearing, according to the report.
- A potential $300 million BC Partners funding deal for "LIV 2.0" was dropped, per Financial Times and The Athletic reports cited by golf.com.
- BC Partners said mutually acceptable terms could not be reached among the various stakeholders.
- LIV CEO Scott O'Neil said the league built a global business and attracted premier sponsors.
LIV Golf will no longer continue and will move toward full liquidation, its lawyers said at a New Jersey bankruptcy hearing on Thursday, according to a golf.com report dated November 5, 2026. The lawyers said the league would not restructure following the loss of its one-time backer, the Saudi Arabia Public Investment Fund.
LIV had discussed a potential $300 million funding deal with BC Partners for what had been called "LIV 2.0," but the bid was dropped, according to Financial Times and The Athletic reports cited by golf.com. Those reports said LIV had drawn interest from 30 or more players for the 2027 season, but star power was lacking.
BC Partners said in a statement: "While there was great support for the league, we are disappointed that mutually acceptable terms could not be reached among the various stakeholders." The firm said its credit arm had supported a transaction it said aligned the interests of players and investors.
In a statement released by LIV on Thursday, CEO Scott O'Neil said the league had delivered individual and team competitions across five continents, secured pathways to the Open and U.S. Open and earned Official World Golf Ranking points. He said the league's roster represented more than 20 countries.
LIV began in the summer of 2022 and drew dozens of top players away from the PGA Tour. It played its final event in August, the report said. The report said the professional future of players including Bryson DeChambeau is an open question.