LIV Golf files for bankruptcy protection as it tries to survive in a smaller version – WTOP News
The league said it has more than $500 million in debt and plans to return in 2027 after a court-supervised restructuring.
- On Tuesday, September 8, LIV Golf filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey, citing more than $500 million in debt as it begins a court-supervised restructuring process.
- Earlier this year, the Public Investment Fund of Saudi Arabia ended its financial support for the league after the 2026 season, leaving LIV Golf without its primary source of capital and forcing restructuring.
- Jon Rahm leads creditors owed nearly $7.5 million, while Bryson DeChambeau has a claim of roughly $5.7 million. The PIF agreed to provide $49.6 million in debtor-in-possession financing to support restructuring.
- CEO Scott O'Neil announced plans for 'LIV Golf 2.0,' intending to return in 2027 with a restructured format featuring 75 players, a 54-hole cut, and Monday qualifiers to build a more sustainable future.
- O'Neil proposed a new ownership model where players would feature as majority owners in a reduced schedule, as the league aims to tap successful markets in Australia, South Africa, and Asia.
12 Articles
12 Articles
[Sports Chosun Reporter Park Sang-kyung] The revealed truth was more devastating than expected. The disclosure of documents submitted by LIV Golf, which recently filed for Chapter 11 bankruptcy protection in a New Jersey court, is causing a stir. On the 9th (Korean time), Golf.com obtained and published the documents submitted by LIV Golf pursuant to Chapter 11. Golf.com stated, "Companies filing for Chapter 11 [debt] on the 30 individuals or en…
Sydney Morning Herald
Adelaide in limbo as LIV files bankruptcy
Adelaide politicians are hoping LIV Golf continues despite filing for bankruptcy in the US.
LIV Golf files for bankruptcy, but hope remains for 2027 South Africa event
Despite LIV Golf filing for Chapter 11 bankruptcy after losing its primary backing, CEO Scott O’Neil has named South Africa as a key market for the league’s proposed " LIV Golf 2.0" return in 2027.
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