LIV Golf Files Chapter 11, Owing Millions After PIF Halts Funding

3 articles · Updated · Fox News · Sep 9

Chapter 11 papers filed in New Jersey put LIV Golf’s current model on hold after the league ended its 2026 season early in Indianapolis and said it owes millions in unpaid compensation to players including Jon Rahm and Bryson DeChambeau.
PIF stopped funding in April, redirecting money to Saudi domestic projects and coping with financial strain tied to the regional war with Iran; governor Yasir Al-Rumayyan then resigned from LIV’s board.
$5 billion to $8 billion was spent on LIV from 2021 to 2026, and the league has already laid off most operational staff, left contractors unpaid and faces a Premier Golf League lawsuit alleging breach of confidence and conspiracy.
A $50 million PIF bridge injection is keeping LIV operating through bankruptcy while a proposed 'LIV 2.0' would bring in BC Partners to fund a 2027 relaunch and hand players majority ownership.
The reboot plan shifts LIV toward a more traditional format—75-player fields, 72-hole events, cuts and Monday qualifiers—while Chapter 11 is expected to void existing player contracts, leaving the league’s future uncertain.