LIV Golf Liquidates After BC Partners Pulls Three Hundred Million

LIV Golf is shutting down operations completely after five years and a failed last-ditch financing plan. The league faced this sudden collapse after Saudi Arabia pulled its investment and BC Partners Credit reversed course on a three hundred million dollar rescue deal. Executives told a New Jersey bankruptcy judge on Thursday that the circuit would pivot from Chapter 11 to a full liquidation. The decision came after BC Partners saw how hard it was for the league to recruit new players. Fox Sports had just struck a multi-year rights deal in twenty twenty-five, but tournament ratings stayed low. Star players who took massive paydays to join now face an uncertain future. Jon Rahm has already expressed a willingness to face penalties just to return to the PGA Tour.