LIV Golf to wind down operations after failing to get support for 2.0 model

A LIV Golf attorney told a U.S. Bankruptcy Court judge that the league couldn't get the necessary financial commitment and player support to proceed with LIV 2.0 and the company will begin winding down its operations.

Attorney Matthew Williams told U.S. Bankruptcy Court Judge Michael B. Kaplan that the league would file a new Chapter 11 bankruptcy plan on Monday.

"The debtors were ultimately unable to bring the key parties to a fully consensual arrangement that would have supported a financially viable LIV 2.0 league," Williams said during Thursday's hearing. "As a result, the debtors are not currently proceeding with the LIV 2.0 plan. Instead, the debtors are toggling to a value-maximizing…