Business & Finance

LIV Golf files for Chapter 11 bankruptcy in United States

The league seeks restructuring after Saudi funding ended, releasing golfers from existing contracts, BBC News reports.

Updated Sep 8, 2026 · 21:47 UTC1 reports

The short version

LIV Golf filed for Chapter 11 bankruptcy protection in the United States following the loss of Saudi Arabian funding.[BBC News]
Golfers are not obligated to join a proposed replacement league, LIV 2.0, regardless of earlier contracts.[BBC News]
Saudi Arabia's Public Investment Fund is providing a $49.6m bankruptcy loan while BC Partners is eyed as an investor.[BBC News]
It remains uncertain when players can formally begin contract talks with competing professional tours.[BBC News]

LIV Golf has filed for Chapter 11 bankruptcy protection in the United States.[BBC News]
Saudi Arabia's Public Investment Fund made the decision to end funding for LIV Golf in April.[BBC News]
The Public Investment Fund is offering a $49.6m debtor-in-possession bankruptcy loan to support restructuring.[BBC News]
LIV Golf stated that BC Partners has been lined up as a prospective new investor.[BBC News]
Players are under no requirement to sign agreements with LIV 2.0 despite prior multi-year deals.[BBC News]

It is not yet clear when golfers will be permitted to start discussions with other tours.[BBC News]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.