LIV Golf files for Chapter 11 bankruptcy in New Jersey
The league said the restructuring will bring $49.6 million in financing and shift ownership toward players under a leaner schedule.
- 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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The LIV tour is trying to save its business. Now the controversial golf tour has filed for bankruptcy protection. According to the BBC, all players have the opportunity to leave the tour.
LIV Players Handed Shock Escape Route as Bankruptcy Filing Blows Up Old Contracts
For months, LIV Golf has been fighting to stay afloat after losing its funding, canceling events, and letting go of its employees. Reports had suggested the league was working out a way to survive while keeping its players tied to their contracts. Instead, in a shock move, LIV has filed for bankruptcy as speculated, and […]
LIV Golf files for Chapter 11 bankruptcy protection
<p>LIV Golf filed for Chapter 11 bankruptcy protection Tuesday in New Jersey with more than $500 million in debt, part of its goal to revive the league without Saudi funding.</p><p>The move was widely expected after the Public Investment Fund of Saudi Arabia abruptly ended its financial support after the final event of the 2026 season. LIV said it has agreed to a restructuring plan with BC Partners as the primary source of its capital.</p><p>"Th…
LIV Golf files for bankruptcy after Saudi exit
The uncertainty regarding LIV Golf has now added a new chapter. On Tuesday, LIV Golf filed for Chapter 11 bankruptcy. Here’s part of what the documents said. “LIV Golf has entered a court-supervised restructuring process that provides us with the time and framework to address previous financial obligations and complete a transaction that will make …
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