LIV Golf is winding down its operations instead of launching a new version because of a lack of financial support. A lawyer representing the organization announced the decision in a bankruptcy court hearing Thursday in New Jersey. LIV Golf lost Saudi Arabia funding in April after having spent more than $5 billion since 2022. LIV filed for bankruptcy in September. Since announcing plans for a new version, top players like Jon Rahm and Tyrrell Hatton have bailed.