RIP LIV.
The rebel golf league is officially dead after its lawyers revealed plans in New Jersey bankruptcy court Thursday to fully liquidate after the initial hope was to restructure, The Athletic first reported.
It comes a day after reports filtered out that BC Partners decided to pull the $300 million that it had pledged to help the league through bankruptcy following Saudi Arabia’s PIF (Public Investment Fund) cutting off the $5 billion worth of cash flow that launched and maintained the league through five turbulent season.
In the seven months that have passed since PIF’s decision, a number of notable players — including Jon Rahm and Sergio Garcia — had announced plans to split from the league.
Bryson DeChambeau had become the face of the proposed LIV 2.0 that had reportedly secured 30 players for next season.
There were 10 additional players who were considering joining, but — according to The Athletic — had not made their decision by an Oct. 25 deadline.
Even as reports filtered out Wednesday that LIV was on life support, some players tried returning to the negotiating table with BC Partners but were turned down.
More to come on this developing story…
