LIV Golf is expected to seek liquidation after the lending arm of investment firm BC Partners pulled out of a plan to provide up to $300 million in financing for a 2027 relaunch, the Financial Times reported Wednesday.
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Bankrupt LIV Golf, which sought to disrupt professional golf, will wind down its operations after failing to secure funding.
The DP World Tour banned LIV Golf players as the league's Chapter 11 bankruptcy deepens and Jon Rahm calls the "LIV 2.0" restructuring plan unacceptable.
LIV Golf plans to liquidate assets after BC Partners scrapped its $300 million rescue deal when key players failed to commit before the deadline.
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