LIV Golf confirmed it is winding down operations after talks with potential backers failed, a lawyer told a bankruptcy court in New Jersey. The league said discussions with financial backer BC Partners did not produce an agreement to keep the venture going and a planned relaunch has been scrapped. Lawyers announced the decision during the bankruptcy hearing after five years of the tour operating without its original Saudi funding. Coverage and opinion pieces framed the end as the consequence of losing that backing and an inability to secure the financial commitment and player support needed for a 2.0 model. The league will begin liquidation steps as part of the bankruptcy process, leaving its future events and contracts unresolved.
