LIV Golf Plans Bankruptcy Protection Next Week

LIV Golf is reportedly seeking Chapter 11 bankruptcy protection as early as the week of September 7, with a debtor-in-possession loan under $100 million expected from Saudi Arabia’s Public Investment Fund to keep a slimmed‑down 2027 plan moving forward. The Financial Times says the move could be part of a pre‑packaged bankruptcy tied to a broader settlement with current players and a potential new equity-like investment from BC Partners to preserve value and address net operating losses. Reuters has noted that it could not independently verify the FT report, highlighting the ongoing uncertainty around the timing and terms of any filing. The league has offered players owed guaranteed payments beyond 2026 only “a few cents on the dollar,” reflecting the tight funding environment after the PIF’s reduced backing. LIV’s leadership has been negotiating with BC Partners and other funders while balancing potential consequences for players and other tours, including the DP World Tour’s possible penalties for competing events. The wider narrative includes discussions of LIV 2.0 and a possible transition structure that would allow a coordinated settlement with players, lenders, and investors to support a restructured organization.