LIV Golf, the breakaway circuit that shook up world golf in 2022, will liquidate after losing big-name players and the last-ditch financing it needed to stay alive, the circuit said on Thursday, according to The Guardian's report on LIV Golf's liquidation, which carried a Reuters report.

The Guardian reported that the circuit's future had been in question after Saudi funding was pulled. Its headline describes a financing rescue deal that fell apart.

In announcing the decision, LIV Golf said, "Orderly wind-down is most responsible path forward," according to the summary of the report published by The Guardian.

The same summary says LIV Golf stated that throughout the wind-down process it will remain open to, and continue to consider, any further options. The summary ends at that point, so the rest of that statement could not be confirmed from the material reviewed for this report.

The material reviewed does not identify the players who left the circuit, the amount of financing it sought, the parties to the rescue deal, or the schedule of the wind-down. The Guardian's summary does not supply those details, and they are not reported here.

The headline and summary together describe two developments: the financing rescue deal falling apart and the circuit's decision to liquidate. The summary does not state how the two were related in time, and this report does not assume a sequence beyond what the source states.

Sources: The Guardian: LIV Golf to liquidate after last-ditch financing rescue deal falls apart.