Tiger Woods statement resurfaces as decision to reject $800 million now vindicated

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Tiger Woods was right all along. As the most famous name in golf history, the 15-time major champion naturally became one of LIV Golf‘s marquee targets when the $5 billion Saudi-backed breakaway league launched in 2021.Tiger Woods’ decision to steer clear of LIV Golf has now been vindicated by its endGettyBut Woods never committed to playing in the league, and the once great disruptor now ceases to exist. LIV Golf filed for bankruptcy in September after the Public Investment Fund (PIF) pulled its funding, leaving some big-name futures up in the air.Then a lifeline came in the form of a $300 million investment from BC Partners in October. Dubbed ‘LIV Golf 2.0’, the plan was to restructure the league in an attempt to make it more profitable. Despite Bryson DeChambeau publicly committing his future to the relaunched league, the league received very little support elsewhere.Big names including Jon Rahm, who distanced himself from LIV Golf, and left $100 million (£75.5 million) on the table in the process, just could not move forward. This comes amid unpaid contract disputes, which have seen a cohort of 10 golfers, spearheaded by two-time major winner Dustin Johnson, file a lawsuit against LIV Golf in which they are seeking $100 million in ‘severance payments’.BC Partners then made the decision to remove their investment, and the league subsequently announced its formal plans to change from  restructuring to full liquidation. Ex-LIV Golf CEO Greg Norman confirmed Woods was offered $700 million to $800 million by Saudi Arabia’s Public Investment Fund to join at the start. And in light of the league’s demise, declining the biggest deal in sports history may yet be the best financial decision he has ever made.Woods critical of LIV Golf from the startBack in 2022, Woods was very vocal when he questioned players’ incentive to join LIV – which offered its players guaranteed money, regardless of finish unlike the PGA Tour. Bryson DeChambeau had pledged his future to LIV Golf 2.0 before the league went into liquidationGettyWoods declined a $750 million to be a part of LIV GolfGetty