In Reply to: Collom lead inches ahead to 2, 010* posted by mh on November 06, 2026 at 11:50:46
LIV Golf is shuttering after five years that fractured the sport’s landscape with promise of Saudi riches, announcing Thursday in bankruptcy court it plans to wind down operations instead of launching a new version because it didn’t have enough support.
“The debtors are not currently proceeding with the LIV 2.0 plan,” attorney Matthew Williams of Gibson Dunn said in a hearing in New Jersey. “Instead, the debtors are toggling to a value-maximizing wind-down in their business.”
LIV Golf, which launched in June 2022 by offering nine-figure signing bonuses to lure top names away from the PGA Tour, lost Saudi Arabia funding in April after spending more than $5 billion.