Results for “liv golf”

Future had been in question after Saudi funding pulled ‘Orderly wind-down is most responsible path forward’ LIV Golf, which ⁠shook up world golf in 2022, will liquidate after losing big-name ⁠players and last-ditch ⁠financing ​it needed to stay alive, the breakaway circuit said on Thursday. Throughout ⁠the wind-down process, LIV Golf said it will remain open to, and continue ⁠to consider, any value-maximising alternatives with third ​parties that may ‌arise. More details soon … Continue reading...

Efforts to keep the LIV Golf league alive have collapsed. Why it matters: LIV filed for Chapter 11 bankruptcy protection in September after its Saudi investors confirmed plans to withdraw funding after the 2026 season. Driving the news: BC Partners — which had tentatively agreed to invest in a "LIV 2.0" league — is walking away, a source familiar with the matter confirmed Wednesday. The investment was always predicated on an unspecified number of players signing on — and at least 30 ultimately indicated interest in doing so, the person said. But economic terms remained a sticking point with some of their representatives. But the league was unable to secure enough support in time to meet the deadlines set in the bankruptcy case. LIV had also lost several stars in recent weeks, including Jon Rahm and Sergio Garcia, compromising its commercial appeal. What's next: People involved in the case expect LIV to pivot to a liquidation. Spokespeople for LIV and BC Partners were not immediately available for comment. Catch up quick: The Public Investment Fund — Saudi Arabia's sovereign wealth fund — confirmed in April that it was withdrawing support for the league after the 2026 season. PIF — which ultimately plunged more than $5 billion into LIV, according to Money in Sport — decided to ditch LIV after President Trump's war in Iran scrambled geopolitics in the Middle East and jolted energy prices. The fund said in a statement that the "substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF's investment strategy." Friction point: Critics of LIV and the players who joined it said the league amounted to " sportswashing " as the Saudis sought to redirect attention from allegations of human rights abuses. Defenders — including LIV member and former PGA superstar Phil Mickelson — said the league would help grow the game on a global scale. What to watch: What the league's biggest star, Bryson DeChambeau, does next.

Republicans barely had time to absorb their sweeping midterm losses before President Trump returned to a familiar comfort zone: D.C. construction projects. Why it matters: Voters just delivered an overwhelming rebuke of the administration, demanding that politicians focus on the cost of living, yet the president remains fixed on remaking the nation's capital in his image. Driving the news: Trump hosted reporters at the White House on Wednesday for a previously unscheduled event to update them on the East Wing ballroom's construction, marking his first remarks to the White House press pool since the election. He spent the majority of his remarks discussing planned architectural changes around D.C., including a proposed Triumphal Arch, the National Garden of American Heroes and a planned expansion of a publicly owned golf course that would likely eliminate popular running and biking paths. His remarks came after a pre-election appearance Monday, during which he praised the new pipes installed at the Reflecting Pool and a proposed promenade from the Lincoln Memorial to the Potomac River. What they're saying: Trump addressed criticism he sometimes receives for working on his construction projects, saying he was "doing it because the White House is the ultimate symbol of America, and it's got to be pristine." "It's got to be perfect. And if you take a look at it, that's what it is right now. You have no idea how much work we had to do." He also noted that he spends "very little time" working on the White House, but said he does it because "it's relaxing …I love construction." Catch up quick: Democrats outperformed expectations in Tuesday's midterms, flipping the Senate before the night was over and then the House a few hours later, according to the AP. Democrats have gained complete control of at least five previously divided state governments while ending Republican trifectas in several other states. In ruby-red Texas, the white whale of potential pickups, Democrats fli

A federal judge said Friday she plans to appoint a special master to investigate whether Justice and Interior Department officials misled the court about the Trump administration's plans to renovate a D.C. golf course, according to news reports . Why it matters: The investigation could lead to professional sanctions, contempt proceedings or criminal referrals against administration officials over allegations government lawyers misled the judge. Driving the news: U.S. District Judge Ana Reyes opened a hearing Friday by reading ethics rules requiring attorneys to be truthful with courts, then questioned Associate Attorney General Stanley Woodward Jr. about the administration's conflicting accounts, according to news reports. Trump announced Oct. 18 the golf course would close Nov. 15 for roughly 15 months of renovations. Woodward told the court the next day there was "no plan to close the course." On Oct. 28, the Justice Department acknowledged Trump had directed the closure. Catch up quick: A preservation group and two golfers are suing the administration over what they say is President Trump's illegal plan to convert the historic, public East Potomac Golf Links into a championship-level golf course. After government crews cut down more than 400 trees, Reyes barred further tree removal without court approval and required 10 business days' notice before closing the park or making irreversible changes. The administration has appealed. What they're saying: "The Department of Justice will not be deterred from executing on the President's agenda," a spokesperson said in an emailed statement. The White House and DOI didn't immediately respond to Axios' request for comment. What's next: Reyes said she intends to appoint a special master who could review documents, question witnesses under oath and hold hearings. The government would have five business days to object after a special master is selected, the Washington Post reported . This is a breaking news story and will be

The Justice Department has filed notice that President Donald Trump’s announcements that there are plans for renovating the East Potomac Golf Course and there are plans to close the park beginning Nov. 15 are accurate