Robert Fitzgerald, an attorney representing LIV Golf in a bankruptcy hearing, said they'd know by Oct. 31 if they'd "wind down or whether 2.0 is going forward."
An attorney representing LIV Golf informed a federal bankruptcy court on Wednesday that the tour will determine by the end of the month whether it will shut down or launch LIV 2.0. Judge Michael B. Kaplan approved LIV Golf's motion to reject existing player contracts to allow for new restructuring deals, alongside approving an amended restructuring agreement involving up to $300 million in financing from BC Partners.
LIV Golf attorney Robert Fitzgerald also raised anti-competitive concerns regarding the DP World Tour's decision to ban players who join LIV 2.0. Amid the restructuring, several golfers, including Jon Rahm, David Puig, and Abraham Ancer, are departing, while others like Cameron Smith requested contract releases.
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