LIV Golf's planned relaunch as "LIV 2.0" has collapsed after a key investor withdrew support, according to reports. The league formally filed for bankruptcy protection, despite earlier vows from officials to restructure with a shorter schedule and reduced prize money.
The development marks a significant setback for the Saudi-backed golf circuit, which had sought to reorganize its operations amid ongoing financial challenges. Details on the identity of the withdrawing investor were not immediately disclosed.
LIV Golf, which launched in 2022 as a rival to the PGA Tour, has faced persistent questions about its long-term viability. The bankruptcy filing and failed relaunch raise further uncertainty about the future of the league and its players.
