LIV Golf Cuts Staff While Pursuing Investor Lifeline
TL;DR
LIV Golf plans to lay off most of its staff next week after the Public Investment Fund signaled it would end funding after this season, pushing the league to seek new investors; a BC Partners term sheet suggests a possible path forward, but executives warn bankruptcy or drastic restructuring may be needed as funding dwindles. Most employees will leave by Sept. 1, with a small group remaining during a transition to ‘LIV 2.0’ as the league pursues a lean 2027 10-event schedule with player equity. The upheaval follows vendor lawsuits, threats from the DP World Tour over fines, and uncertainty over PGA Tour recourse for LIV players.
- LIV Golf plans mass layoffs as league seeks investors to survive The New York Times
- LIV Golf scales back operations with eye on creating LIV 2.0 ESPN
- LIV Golf lays off majority of employees amid questions about future Golf Digest
- LIV Golf: Tyrrell Hatton expects league to continue next year despite job cuts BBC
- LIV Long and Prosper: Dispatches from the End of an Era Skratch Golf
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