Report
LIV Golf is shutting down after last-ditch financing falls through
LIV Golf's executives told a bankruptcy judge they would liquidate after a promised $300 million reboot investment fell through.
TLDR
After Saudi Arabia withdrew its funding, LIV Golf lined up $300 million from BC Partners Credit for a proposed reboot. The firm pulled out after the league struggled to recruit players, and executives overseeing LIV's Chapter 11 case told a New Jersey judge they would switch to full liquidation. The league spent five years trying to challenge the PGA Tour.
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