LIV Golf has filed for Chapter 11 bankruptcy after Saudi Arabia’s PIF withdrew its multibillion-dollar backing, revealing up to $1bn in liabilities. More than $45m is owed to 14 current and former players, led by Jon Rahm. LIV plans to restructure with BC Partners and launch a smaller, player-owned league in 2027, but its biggest stars face uncertain futures.
LIV Golf has filed for Chapter 11 bankruptcy after Saudi Arabia’s PIF withdrew its multibillion-dollar backing, revealing up to $1bn in liabilities. More than $45m is owed to 14 current and former players, led by Jon Rahm. LIV plans to restructure with BC Partners and launch a smaller, player-owned league in 2027, but its biggest stars face uncertain futures.
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