FILE - LIV Golf CEO Greg Norman, left, applauds Yasir Al-Rumayyan, Governor of Public Investment Fund of Saudi Arabia, at the LIV Golf Invitational-Chicago tournament Sept. 18, 2022, in Sugar Hill, Ill. (AP Photo/Charles Rex Arbogast, File) (AP Photo/Charles Rex Arbogast) FILE - Captain Jon Rahm of Legion XIII celebrates after putting on the 18th hole green during the final round of HSBC LIV Golf Hong Kong at Hong Kong Golf Club Fanling, Sunday, March 8, 2026 in Hong Kong. (Mike Stobe/LIV Golf via AP, File) (ASSOCIATED PRESS) FILE - DP World Tour CEO Guy Kinnings speaks during the opening ceremony for the Trump International Golf Links golf course, near Aberdeen, Scotland, Tuesday, July 29, 2025. (AP Photo/Jacquelyn Martin, File) (AP Photo/Jacquelyn Martin) 1 / 3 LIV Payments Golf FILE - LIV Golf CEO Greg Norman, left, applauds Yasir Al-Rumayyan, Governor of Public Investment Fund of Saudi Arabia, at the LIV Golf Invitational-Chicago tournament Sept. 18, 2022, in Sugar Hill, Ill. (AP Photo/Charles Rex Arbogast, File) (AP Photo/Charles Rex Arbogast) 1 / 3 LIV Payments Golf FILE - LIV Golf CEO Greg Norman, left, applauds Yasir Al-Rumayyan, Governor of Public Investment Fund of Saudi Arabia, at the LIV Golf Invitational-Chicago tournament Sept. 18, 2022, in Sugar Hill, Ill. (AP Photo/Charles Rex Arbogast, File) (AP Photo/Charles Rex Arbogast) 2 / 3 LIV Rahm Golf FILE - Captain Jon Rahm of Legion XIII celebrates after putting on the 18th hole green during the final round of HSBC LIV Golf Hong Kong at Hong Kong Golf Club Fanling, Sunday, March 8, 2026 in Hong Kong. (Mike Stobe/LIV Golf via AP, File) (ASSOCIATED PRESS) 3 / 3 European Tour LIV FILE - DP World Tour CEO Guy Kinnings speaks during the opening ceremony for the Trump International Golf Links golf course, near Aberdeen, Scotland, Tuesday, July 29, 2025. (AP Photo/Jacquelyn Martin, File) (AP Photo/Jacquelyn Martin) DOUG FERGUSON · Associated Press Wed, November 4, 2026 at 10:37 PM UTC · 1 min read About Our Ads Advertisement Advertisement Advertisement LIV Golf's main investor to help it emerge from Chapter 11 bankruptcy is scrapping plans for a new version because it lacked enough player support, The Financial Times reported Wednesday.
BC Partners Credit had pledged as much as $300 million for what was called "LIV Golf 2.0," which wanted at least 10 tournaments and an emphasis on teams. But it required enough players — at least the right players — sticking around for it.
A previously scheduled hearing Thursday in U.S. Bankruptcy Court would shift toward LIV Golf seeking liquidation of its assets, The Financial Times reported.
LIV Golf did not immediately return phone calls seeking comment.
The Public Investment Fund of Saudi Arabia was behind LIV Golf when it launched in 2022 by luring away several big names — Dustin Johnson, Brooks Koepka, Bryson DeChambeau and eventually Jon Rahm — with signing bonuses of nine figures.
Even run-of-the mill players with only one PGA Tour victory signed for $30 million, more than they had earned in their career.
The league, originally run by Greg Norman, spent more than $5 billion. But a few months after the start of the Iran war, PIF changed its investment strategy and said it would no long pay for LIV Golf after the 2026 season.
Even as it was trying to emerge from bankruptcy, filed on Sept. 8, the European tour laid down a crushing ultimatum by saying anyone who signed with LIV 2.0 need not apply for membership — making European players ineligible for the Ryder Cup.
Source: Sports
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