LIV Golf will learn its fate by October 31, according to the Saudi-backed league's attorney during a bankruptcy hearing. Robert Fitzgerald told the court that the organization will know by that date whether it's shutting down or moving forward with what he called "2.0," a rebranded iteration.

The timeline signals a critical moment for LIV as it navigates financial turmoil following its failed merger with the PGA Tour. The league has burned through cash since launching in 2022, and bankruptcy protection bought time to restructure. Whether that restructuring produces a viable path forward or a wind-down remains the open question.

The end-of-month deadline puts real pressure on LIV's ownership to deliver either a concrete plan for revival or accept the reality that the experiment is over. Players signed lucrative deals betting on LIV's durability. Sponsors and investors are watching to see if the Saudis double down or cut losses. A month from now, we'll know which way this goes.