LIV Golf’s last-ditch financing plan collapses, leaving scant assets in wind-down

The Globe and Mail · Rory Carroll · 2026-11-06 00:31 UTC

LIV’s final chapter stands to be uneventful

LIV Golf’s failed attempt to secure new financing was a last-ditch effort to keep the Saudi-launched circuit alive, and its collapse is likely to leave players as free agents and creditors with little to recover, a restructuring expert said on Thursday.

LIV said it would wind down operations after a proposed financing deal with London-based BC Partners fell apart, ending a costly effort launched in 2022 to build a rival to the PGA Tour.

John Sparacino, a principal at law firm McKool Smith who has more than 30 years of experience in complex bankruptcies and restructurings, said LIV’s search for new capital followed a familiar restructuring playbook.

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