LIV Golf's main investor to help it emerge from Chapter 11 bankruptcy is scrapping plans for a new version because it lacked enough player support, The Financial Times reported Wednesday.
BC Partners Credit had pledged as much as $300 million for what was called “LIV 2.0,” which was planning at least 10 tournaments, an emphasis on teams and equity for players. LIV CEO Scott O'Neil had called the equity a “second bite of the apple.”
But that required enough players to sign up for LIV 2.0. Four players, including Brendan Steele and Cameron Tringale, publicly stated their support. LIV was believed to have as many as 30 players who were willing to stay with the league, but it was lacking the star power.
Ted Goldthorpe, partner and head of BC Partners Credit, said at a Sportico conference in September, “A lot of the money that was spent created the ecosystem and infrastructure that exists today. We think we can run this in a financially sustainable way because much of that spending went to getting the players, and the players are here.”
Jon Rahm was released from his contract in a deal that was to be approved at a hearing Thursday in U.S. Bankruptcy Court in New Jersey. Now, the Financial Times reported that hearing would shift toward LIV seeking liquidation of its assets.
LIV Golf officials did not immediately respond to a request for comment.
LIV Golf New Jersey filed for a change of address in the bankruptcy court on Wednesday, from an office in New York to Claymont, Delaware, a commercial office property.
The Public Investment Fund of Saudi Arabia was behind LIV Golf when it launched in 2022 by luring away several big names — Dustin Johnson, Brooks Koepka, Bryson DeChambeau and eventually Rahm — with signing bonuses of nine figures.
Even run-of-the mill players with only one PGA Tour victory signed for $30 million, more than they had earned in their career.
The league, originally run by Greg Norman, spent more than $5 billion. But a few months after the start of the Iran war, PIF changed its investment strategy in April and said it would no longer pay for LIV Golf after the 2026 season.
The Asian Tour, which received a financial boost from LIV for an International Series, decided in July to renew an alliance with the PGA Tour and European tour.
And as LIV was trying to emerge from bankruptcy, filed on Sept. 8, the European tour laid down a crushing ultimatum by saying anyone who signed with LIV 2.0 need not apply for membership in the commercially known DP World Tour.
That would make European players ineligible for the Ryder Cup.
Guy Kinnings, the European tour CEO, called out LIV in an interview with The Scotsman when he said, “But we also have to protect the tour against an entity who spent, so we are told, over $7 billion, with one of their aims being to ‘destroy the DP World Tour.'”
Rahm, Sergio Garcia, Louis Oosthuizen and Tyrrell Hatton also said they would no longer stay with LIV, and the rival league also lost young players like David Puig of Spain and Tom McKibbin of Northern Ireland.
The year began with Brooks Koepka getting out of his LIV deal with one year remaining, and the PGA Tour created a path — with financial penalties — to return. Patrick Reed chose not to extend his deal and now is poised to return to the PGA Tour next year through his performance in Europe.
Rahm had said on Tuesday he would be willing to pay the same price as Koepka, though it was unlikely that same deal would be offered.
LIV 2.0 was pushing player equity and prize money that was more than half of the $20 million purses for individuals when it began in 2022. LIV's final event was in August in Indianapolis, won by Michael La Sasso. He failed to get through the second stage of European tour Q-school last week.
See AP’s full golf coverage here
FILE - DP World Tour CEO Guy Kinnings speaks during the opening ceremony for the Trump International Golf Links golf course, near Aberdeen, Scotland, Tuesday, July 29, 2025. (AP Photo/Jacquelyn Martin, File)
FILE - LIV Golf CEO Greg Norman, left, applauds Yasir Al-Rumayyan, Governor of Public Investment Fund of Saudi Arabia, at the LIV Golf Invitational-Chicago tournament Sept. 18, 2022, in Sugar Hill, Ill. (AP Photo/Charles Rex Arbogast, File)
TAMPA, Fla. (AP) — A gunman plowed a car into a courtyard on Citibank's sprawling Tampa business campus on Wednesday and opened fire with a rifle, killing a woman before a security guard fatally shot him, authorities said.
The Hillsborough County Sheriff's Office did not give a motive for the shooting or say whether the gunman and his lone victim knew each other.
The attack sent workers scrambling as the suspect crashed his car among outdoor tables where people were eating lunch, then started shooting, said Chief Deputy Frank Losat of the sheriff’s office. He said 3,200 people were on the campus at work during the attack.
The gunman fatally shot the woman before a security guard confronted him in a cafeteria, Losat said. The guard and the gunman exchanged fire, and the guard killed him, Losat said.
“Was there a potential for further violence? Absolutely," Losat told a news conference. "So kudos to that security guard.”
The names of the gunman and the woman killed were not immediately released.
Losat said four other people were taken to a hospital with non-life-threatening injuries. He didn't know whether any of them had been shot or struck by the gunman's vehicle.
The Citibank campus in suburban Tampa includes four three-story office buildings that house thousands of the banking giant’s employees.
David Dzien, a Citibank vice president, told The Associated Press he was returning to work after lunch when he saw the shooter's sedan crash through a fence about 150 yards (137 meters) away from him, followed by an “incredible clatter” that he later realized was gunfire.
People near the crashed car suddenly dispersed and others began to scream, Dzien said, as he sprinted back into the building and evacuated through a fire escape.
“I can still hear the particular type of scream," he said, “and I’m still trying to process it, frankly.”
The attack occurred on a day when “VIPs” who don’t normally work at the complex were present for a “quarterly review,” Dzien said.
Sheriff's deputies began arriving at the campus within a minute of the first 911 call, Losat said. The response was huge, with more than 360 deputies — many in tactical gear — rushing to the scene.
Those deputies spent 2 1/2 hours searching and clearing the building where the shootings occurred plus adjacent office buildings, Losat said.
Radio traffic on Broadcastify.com from responding officers described an exhaustive floor-by-floor search as people were found sheltering in locked rooms and closets, then carefully escorted from the buildings and parking garage.
Citigroup said in a statement that it was “aware of an incident” at the complex and was cooperating with authorities.
Employees at the Sheraton Tampa Brandon Hotel, a few hundred feet from the Citibank complex, were having a monthly employee luncheon in the hotel’s ballroom when they saw a massive flood of police vehicles headed toward the campus.
General Manager Matt Chauvin said Citibank employees ran over and told the front desk there was an active shooter.
“We at first locked the doors and, you know, went into lockdown, but the employees kept coming over," Chauvin said.
Chauvin estimated the hotel sheltered about 300 Citibank workers. Hotel staff gave them water and lunch, and let some go into hotel rooms “to sort of decompress or make phone calls.”
“Luckily we were far enough away that they were all safe,” he said.
Bynum reported from Savannah, Georgia. AP journalists Cybele Mayes-Osterman in Chicago, R.J. Rico in Atlanta and Claudia Lauer in Philadelphia contributed to this story.
Hillsborough County Chief Deputy Frank Losat holds a news conference after a shooting at an office complex for on Wednesday, Nov. 4, 2026, in Brandon, Fla. (AP Photo/Chris O'Meara)
Hillsborough County Chief Deputy Frank Losat holds a news conference after a shooting at an office complex for on Wednesday, Nov. 4, 2026, in Brandon, Fla. (AP Photo/Chris O'Meara)
Law enforcement arrive at the scene of a shooting on Wednesday, Nov. 4, 2026, in Brandon, Fla. (AP Photo/Chris O'Meara)
A person is wheeled out to an ambulance at the scene of a shooting on Wednesday, Nov. 4, 2026, in Brandon, Fla. (AP Photo/Chris O'Meara)
A person is wheeled out to an ambulance at the scene of a shooting on Wednesday, Nov. 4, 2026, in Brandon, Fla. (AP Photo/Chris O'Meara)
