LIV Golf files for Chapter 11 bankruptcy protection

sportsSep 9, 202659226

LIV Golf filed for Chapter 11 bankruptcy protection Tuesday in the U.S. Bankruptcy Court for the District of New Jersey as it confronts the loss of Saudi backing and searches for new investment. The venture, initially backed by Saudi Arabia's Public Investment Fund, said it has entered a restructuring support agreement with BC Partners Credit, and that PIF will provide $49.6 million in bankruptcy financing to keep LIV operating during the proceedings. LIV said the proposed plan would make the league majority owned by its players and that players remain in advanced talks; separate reporting says the tour owes at least $45 million to players who will have the option to leave. Earlier this year LIV launched an investor roadshow seeking up to $350 million and CNBC reported PIF planned to end funding at the close of the 2026 schedule. CEO Scott O'Neil said the process gives LIV time to pursue a landmark transaction and a player-first ownership model, and that additional financing is expected from BC Partners Credit and other minority stakeholders if LIV exits bankruptcy.

Paul Bernal

@paulbernal.bsky.social

LIV golf files for bankruptcy. There aren’t violins small enough.

1005h ago

Alan Stedman7

I really hope those that went are forced to make massive fines to come back to real golf. They earned many millions just for signing up and frankly it was greed Give it back and hopefully it's invested in academies for young and disabled players. Use that Saudi money wisely

His Royal Huwness 🏴󠁧󠁢󠁷󠁬󠁳󠁿🐸🇵🇸🇪🇺4

This is likely the closest we'll get.

Ellie3

They can always rebrand as DED Golf.

Catherine RW1

I think someone did an electron microscope one?

John Rodway1

Let’s hope Liv isn’t given a mulligan over this.

DougExeter

@dougexeter.bsky.social

LIV golf has filed for chapter 11 bankruptcy. yeah. the chapter is named after the number of people that watched their events

4810h ago

Marta Jewson

@martajewson.bsky.social

LIV Golf files for bankruptcy. It owes Louisiana over $1.2 million. www.nola.com/ap/liv-golf-...

119h ago

Diane Marie 🇨🇦

@dianemarie.bsky.social

Without a doubt the stupidest, most dumb-ass, money grab by certain golf professionals. www.theguardian.com/sport/2026/s...

77h ago

COIndependent1 💙💛💙 ⬜️ 🟦

@coindependent1.bsky.social

LIV Golf has filed for bankruptcy — and now owes its top stars millions of dollars - ESPN Another “Everything trump touches DIES” failed Company. trump pushed this LIV GOLF to get REVENGE on the PGA for pulling EVENTS from his properties. He cost many GOLFERS 10’s of MILLIONS in future earnings

67h ago

Pocket News 📰

@jeanpocket.bsky.social

“LIV Golf filed for Chapter 11 bankruptcy protection Tuesday in New Jersey with more than $500 million in debt” The move was expected after the Public Investment Fund of Saudi Arabia abruptly ended its financial support this year. apnews.com/article/liv-...

79h ago

DBdant

@dbdant.bsky.social

LIV Golf files for bankruptcy while owing tour's stars millions #ETTD

511h ago

Bluesky’s Golf Guy

@cparish.bsky.social

It was a pretty big deal when LIV announced a new last second investor. Probably meant nothing when they wouldn’t announce who it was for a while. Bryson: “We have an investor!” “It’s a firm that specializes in bankruptcy filings.” “Yeah but we’re built different.”

610h ago

joejoejp.bsky.social

@joejoejp.bsky.social

LIV Golf files for bankruptcy protection after touching Trump's "ring of death".

311h ago

coachdondelotell.bsky.social

@coachdondelotell.bsky.social

#ETTD as LIV files Chapter 11--DeChambeau, Rahm, Mickelson walk away in disgrace---Rory was always right!! www.cbssports.com/golf/news/li...

311h ago

Michael O' 🇮🇪🇺🇲🇨🇦

@socratesxxx.bsky.social

BBC News - LIV Golf: Players have option to leave after competition files for bankruptcy protection - BBC Sport www.bbc.co.uk/sport/golf/a...

24h ago

ljconrad

@ljconrad.bsky.social

LIV Golf files for Chapter 11 bankruptcy in New Jersey www.reuters.com/legal/litiga... #ETTD

29h ago

Chris C

@1chrisc1.bsky.social

I love this for Liv golf and their players. The fine to get back on the PGA Tour should be every penny they made at Liv or beat it!!!

29h ago

Soapy

@soapy2019.bsky.social

Jon Rahm ($7.5 million) Bryson DeChambeau ($5.7 million) Dustin Johnson ($5.5 million), Cameron Smith ($4.8 million), Tyrrell Hatton ($3.4 million) &Brooks Koepka ($1.7 million) are among the league's creditors with the 30 largest unsecured claims. Aw!! Shucks !!! No blood-soaked money for them.🤣

211h ago

John Donegan

@donegan.bsky.social

Greg Norman has always been a grifter and anyone who buys what he sells goes bankrupt Bankrupt LIV stars owed millions via AAP News aapnews.aap.com.au/a/VNwoxTYGj

17h ago

3 sources

cnbc.comLIV Golf files for Chapter 11 bankruptcy protection rte.ieLIV Golf officially files for bankruptcy protection bbc.co.ukLIV Golf: Players have option to leave after competition files for bankruptcy protection

LIV Golf files for Chapter 11 bankruptcy protectionsports

LIV Golf files for Chapter 11 bankruptcy protection

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