started · updated
LIV Golf files for Chapter 11 bankruptcy protection
LIV Golf has filed for Chapter 11 bankruptcy protection in a New Jersey federal court following the withdrawal of primary financial support from Saudi Arabia’s Public Investment Fund (PIF). The league, which launched in 222 as a competitor to the PGA Tour, faces estimated liabilities between $500 million and $1 billion, while its assets are valued between $100 million and $500 million.
As part of the restructuring, LIV Golf has entered an agreement with BC Partners Credit to facilitate a recapitalization. The proposed new business model aims to transition the league into a player-majority ownership structure, with the organization intending to re-emerge in a new form by early 2027. The reorganized tour may feature a reduced tournament calendar and an expanded player field of 75.
Several high-profile golfers are among the league’s largest unsecured creditors. Jon Rahm is owed approximately $7.5 million in past-due payments, while Bryson DeChambeau, Dustin Johnson, and Cameron Smith also hold significant claims. The bankruptcy process allows the league to continue operations while negotiating these obligations and seeking new investment.
Entities
BC Partners · BC Partners Credit · Bryson DeChambeau · Jon Rahm · LIV Golf · Public Investment Fund · Scott O’Neil
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] LIV Golf has entered a restructuring agreement with BC Partners. icndigital.com · www.allgaeuer-zeitung.de · world-today-journal.com · bitcoinethereumnews.com · www.golfaustralia.com.au · +8 more
- [● 7 SOURCES] LIV Golf reported liabilities between $500 million and $1 billion. bitcoinethereumnews.com · www.brandonsun.com · www.the42.ie · www.koreaherald.com · www.theage.com.au · +1 more
- [● 12 SOURCES] The Saudi Public Investment Fund (PIF) is providing approximately $49.6 million in debtor-in-possession financing. world-today-journal.com · bitcoinethereumnews.com · www.golfaustralia.com.au · www.golfmagic.com · thenightly.com.au · +6 more
- [● 5 SOURCES] LIV Golf intends to relaunch in a new format in early 2027. icndigital.com · www.allgaeuer-zeitung.de · www.sportico.com · www.expansion.com
- [● 21 SOURCES] The league plans to transition to a majority player-owned model. icndigital.com · www.allgaeuer-zeitung.de · world-today-journal.com · bitcoinethereumnews.com · www.golfaustralia.com.au · +15 more
- [● 18 SOURCES] LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey. icndigital.com · world-today-journal.com · bitcoinethereumnews.com · www.golfaustralia.com.au · www.golfmagic.com · +12 more
- [● 6 SOURCES] Jon Rahm is among the top creditors, owed approximately $7.4 million. bitcoinethereumnews.com · www.the42.ie · www.theage.com.au · www.vol.at · www.sharecafe.com.au · +1 more
- [● 19 SOURCES] LIV Golf is attempting to secure new funding through the investment firm BC Partners Credit. www.vol.at · www.tt.com · icndigital.com · www.allgaeuer-zeitung.de · wochentlich.de · +13 more
- [DISPUTED] The Saudi Public Investment Fund (PIF) withdrew as the primary funder approximately five months ago. www.vol.at · www.tt.com · icndigital.com · www.allgaeuer-zeitung.de · wochentlich.de · +13 more
- [● 4 SOURCES] The organization's assets are valued between $100 million and $500 million. www.vol.at · www.tt.com · bitcoinethereumnews.com · www.theage.com.au
- [● 3 SOURCES] Jon Rahm has filed claims totaling $7.5 million. www.vol.at · www.tt.com · bitcoinethereumnews.com
- [● 2 SOURCES] Professional golfers Bryson DeChambeau and Dustin Johnson are listed among the creditors. www.vol.at · www.tt.com