Bankrupt Saudi-Backed LIV Golf Collapses After Five Years
The venture that promised Saudi riches to overhaul golf is winding down, leaving fans to wonder about the cost of foreign influence.
LIV Golf, which is bankrupt, will wind down its operations after failing to secure funding, and it announced in bankruptcy court on Thursday that it plans to wind down instead of launching a new version because it did not have enough support.
The project existed for five years and had fractured the sport's landscape with the promise of Saudi riches, a reminder to traditional fans of the risks of relying on foreign money.
As one commentator bluntly put it, "LIV and let die".
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Original reporting
CBS News
LIV Golf shutting down after debtors bail and players head for exits
Bankrupt LIV Golf, which sought to disrupt professional golf, will wind down its operations after failing to secure funding.
Read the original →The Washington Times
LIV and let die: Rival league tells bankruptcy court it will wind down operations
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.
Read the original →
Facts this version was allowed to use
- LIV Golf, which is bankrupt, will wind down its operations after failing to secure funding.
- LIV Golf announced Thursday in bankruptcy court that it plans to wind down operations instead of launching a new version because it did not have enough support.
- LIV Golf
- LIV Golf existed for five years.
- LIV Golf fractured the sport's landscape with promise of Saudi riches.
- LIV and let die
- Thursday
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