The Chapter 11 filing in the District of New Jersey lists liabilities ranging between $500 million and $1 billion.
LIV Golf has filed for bankruptcy protection in a New Jersey court, according to a report by the Financial Times.
Several of the league’s biggest stars, including Jon Rahm , Bryson DeChambeau, Dustin Johnson and Cameron Smith, are reportedly among those owed millions. Nine professional golfers are listed among the company’s 10 largest unsecured creditors.
The filing shows individual player claims ranging from $2 million to $7.4 million. The company expects to complete the court-supervised restructuring process and emerge in early 2027. Saudi Arabia’s Public Investment Fund has invested more than $5 billion in LIV Golf since the circuit launched in 2022. However, PIF disclosed earlier this year that it would stop funding the league after the 2026 season.
Alongside the bankruptcy filing, LIV announced a proposed restructuring plan that could see its players take majority ownership of the reorganized league. “Under the proposed transaction, the reorganised company is expected to be majority owned by players, whom the company remains in advanced discussions with, creating an ownership structure aligning players’ interests with the league’s long-term success.
LIV said discussions with players remain ongoing and that the proposed ownership arrangement would require court approval.
