TRENTON, N.J. (AP) — LIV Golf is shuttering after five years that fractured the sport’s landscape, announcing Thursday in bankruptcy court it plans to wind down operations instead of launching a new version because it didn’t have enough support.

“The debtors are not currently proceeding with the LIV 2.0 plan,” attorney Matthew Williams of Gibson Dunn said in a hearing in New Jersey. “Instead, the debtors are toggling to a value-maximizing wind-down in their business.”

LIV Golf, which launched in June 2022 by offering nine-figure signing bonuses to lure top names away from the PGA Tour, lost Saudi Arabia funding in April after spending more than $5 billion.

It filed for Chapter 11 bankruptcy on Sept.…