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LIV Golf files for Chapter 11 bankruptcy in New Jersey
- On Tuesday, LIV Golf filed for Chapter 11 bankruptcy in the U.S. District of New Jersey to "preserve the company's business," while seeking legal recognition in England and Wales to protect international operations.
- The filing follows months of financial uncertainty after the Saudi Public Investment Fund decided earlier this year to end its funding, prompting the league to secure new backing from BC Partners.
- Existing contracts will terminate due to the court filing, with amounts owed addressed through the process; the PIF will provide $49.6 million in debtor-in-possession financing during restructuring.
- CEO Scott O'Neil announced the restructuring aims to launch a player-majority owned "LIV 2.0" model, which proposes a reduced schedule of 10 events with significantly lower purses.
- Emergence from bankruptcy is targeted for early 2027, though it remains unclear whether players will commit to the new structure or seek opportunities with rival tours.
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Sydney Morning HeraldReposted by 
Brisbane Times
Brisbane TimesSuperstars owed millions as LIV Golf files for bankruptcy
In a bankruptcy claim filed in the United States on Wednesday, LIV Golf said it owed its players millions of dollars, including about $10.2 million to Jon Rahm.
·North Sydney, Australia
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LIV Golf Files For Chapter 11 Bankruptcy To Restructure League
·Jersey City, United States
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Coverage Details
Total News Sources57
Leaning Left10Leaning Right8Center28Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 22%
C 61%
R 17%
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