LIV Golf files for bankruptcy protection during restructuring
LIV Golf files for bankruptcy protection during restructuring
Updated at: September 14, 2026 at 03:45 AM
In a surprising turn for professional sports, LIV Golf has officially filed for Chapter 11 bankruptcy in the United States.
This move follows the abrupt withdrawal of its primary backer, Saudi Arabia’s Public Investment Fund, which had poured billions into the organization since 2022.
Facing between $500 million and $1 billion in liabilities, the league is now attempting to reorganize to save its future.
Under a new plan supported by the private-equity firm BC Partners, LIV Golf intends to pivot to a 'slimmed-down' model by 2027.
This proposed 'LIV Golf 2.0' includes transitioning player ownership, increasing field sizes, and introducing a tournament cut.
Many star players, including Jon Rahm and Bryson DeChambeau, are listed among the top creditors owed money.
With only a short window to finalize its restructuring deal, the league's survival depends on securing new capital quickly.
