LIV Golf’s planned debut in New Orleans appears to be dead after the Saudi-backed professional golf league announced Thursday that it will begin an orderly wind-down of its operations, ending hopes of salvaging a tournament that was postponed earlier this year.
The league announced Nov. 5 that it would abandon plans to restructure and launch a revamped version of the tour, known as LIV 2.0, after efforts to secure new financing fell apart. The decision followed the withdrawal of a proposed $300 million investment from BC Partners Credit and the loss of financial backing from Saudi Arabia’s Public Investment Fund, which had invested more than $5 billion in the league…