LIV Golf closes its doors: Exploring the disruptor league’s legacy, sorting out futures of its stars

Five years after launching and attempting to punch a hole in the professional golf ecosystem by promising massive purses and attempting to poach the biggest names in the sport, LIV Golf is officially shutting down.

Saudi Arabia's Public Investment Fund announced earlier this year that it would pull all its funding for the league after the 2026 season, ending its investment after sinking more than $5 billion into LIV Golf since its launch. After filing for Chapter 11 bankruptcy protection and failing to secure a new financial backer willing to see "LIV Golf 2.0" through to launch, the fledgling league is in the process of closing its doors for good.

LIV then attempted to find a path forward by relaunching LIV 2.0 after filing for bankruptcy, but struggled to convince top players to stick with the league as they shifted from massive purses and guaranteed money to offering equity in a fledgling league.

On Wednesday, word broke that BC Partners decided to pull its planned $300 million investment in LIV Golf's relaunch after the league failed to secure enough players, pushing the circuit towards extinction. On Thursday, LIV Golf confirmed it would begin a "wind-down of its operations" at a…

Original source: https://www.cbssports.com/