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LIV Golf shutting down after debtors bail and players head for exits

Photo: CBS News

LIV Golf is in the water hazard — forever. The bankrupt Saudi Arabia-backed venture, which shook up the professional golf world after launching in 2022, said Thursday that it is shutting down.

An attorney for LIV said in a New Jersey bankruptcy court that the fledgling golf league's debtors have decided against a proposed reorganization and will instead wind down the business.

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