LIV Golf to liquidate after last-ditch financing rescue deal falls apart

LIV Golf will liquidate after a final financing rescue deal collapsed and Saudi funding was withdrawn. The breakaway circuit, which disrupted professional golf in 2022, has applied for Chapter 11 bankruptcy, effectively cancelling playing contracts. While pursuing an orderly wind-down, the organisation remains open to value-maximising alternatives with third parties. This decision follows the loss of high-profile players and the failure to secure the essential capital required to keep the circuit alive and operational.