Dustin Johnson, LIV Golf players reportedly rally for severance from PIF
The players say the Saudi fund offered 2 cents on the dollar and none are expected to sign LIV’s new restructuring deal.
- Two-Time major champion Dustin Johnson is leading a group of more than 10 LIV Golf players seeking more than $100 million in severance payments from Saudi Arabia's Public Investment Fund, according to a report published Sunday.
- The PIF stopped funding LIV Golf in April, and bankruptcy filings show executives collected more than $15 million in retention bonuses before the league filed for Chapter 11 in September.
- Lawyer David Cornwell, representing players including Bubba Watson and Thomas Detry, said they made "career-altering decisions" based on "repeated promises" from the PIF, rejecting an initial offer of 2 cents on the dollar.
- None of the players in Johnson's group are expected to sign the restructuring agreement with BC Partners Credit, as the PIF maintains it is an equity investor not involved in player negotiations.
- With stars like Jon Rahm, Tyrrell Hatton, and Ian Poulter opting out for next year, the future of the proposed LIV 2.0 iteration—expected to feature 10 events—remains uncertain amid ongoing bankruptcy proceedings.
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[Sports Chosun Reporter Park Sang-kyung] Amidst the fully exposed reality of mismanagement, players are declaring their withdrawal one after another. Now, the day of reckoning has arrived. The registration deadline for players under LIV Golf’s name, ‘LIV 2.0,’ closes on the 26th (KST). LIV Golf, which declared Chapter 11 bankruptcy protection last month, had previously extended the registration period, which was originally set to end on the 13th…
Dustin Johnson, LIV Golf players reportedly rally for severance from PIF
Dustin Johnson is rallying, as part of group of over 10 LIV Golf players, to negotiate with Saudi Arabia's Public Investment Fund for severance payouts, according to a report by The Athletic.
Report: Dustin Johnson among LIV players seeking $100M+ from PIF
By Field Level Media Oct 25 (Field Level Media) - Two-time major champion Dustin Johnson is among more than 10 LIV golfers seeking a total of more than $100 million from Saudi Arabia's Public Investment Fund, The Athletic reported Sunday. The PIF fun...
The Arab League tries to relaunch itself with its version “2.0′′, after declaring bankruptcy
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