LIV Golf to Close After Financial Backer Pulls Out
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The golf organisation LIV Golf is expected to announce on Thursday that it will wind down.
The league will end after a financing firm withdrew its support, according to the report.
LIV Golf started a few years ago as an alternative to traditional golf tours.
It offered large amounts of money to attract top golfers to join its events.
Several well-known players left other golf tours to compete in LIV Golf tournaments.
The league caused controversy in the golf world because of its large prize money and new format.
Some golf fans and officials supported LIV Golf's new approach to the sport.
Others criticised it, and tension grew between LIV Golf and older golf organisations.
Now, without financial backing, LIV Golf cannot continue to operate.
The decision to wind down means the league will slowly stop its activities rather than end suddenly.
It is not yet clear what will happen to the players who signed with LIV Golf.
The news is expected to be confirmed through an official statement on Thursday.
This marks a major change in professional golf, since LIV Golf had been a major talking point in the sport for several years.
Many people in the golf industry will be watching closely to see what happens next.
Vocabulary10 words
- financing firm
- a company that gives money to support a business
- wind down
- to slowly stop an activity or organisation
- tour
- a series of sports events over time
- withdraw
- to stop giving or take away
- controversy
- strong public disagreement about something
- format
- the way something is organised or structured
- tension
- a feeling of difficulty or conflict between groups
- statement
- an official piece of information given to the public
- backing
- money or support given to help something continue
- professional
- related to a job done for money, done by experts
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Quiz
Answer key
1. Announce it will wind down 2. A financing firm withdrew its support 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The golf organisation LIV Golf is expected to _____ on Thursday that it will wind down.
The league will end after a _____ withdrew its support, according to the report.
LIV Golf started a few years ago as an _____ to traditional golf tours.
It offered large amounts of money to _____ top golfers to join its events.
The league caused _____ in the golf world because of its large prize money and new format.
Now, without financial _____, LIV Golf cannot continue to operate.
The decision to wind down means the league will slowly _____ its activities rather than end suddenly.
It is not yet clear what will happen to the _____ who signed with LIV Golf.
The news is expected to be confirmed through an official _____ on Thursday.
This marks a major change in _____ golf, since LIV Golf had been a major talking point in the sport.
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