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LIV Golf has filed for Chapter 11 bankruptcy protection in New Jersey after its primary financial backer, Saudi Arabia’s Public Investment Fund, withdrew support. The organization owes millions in unpaid compensation to players and has laid off most of its staff. A proposed restructuring plan aims to relaunch the league in 2027 with player majority ownership.
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LIV Golf has filed for Chapter 11 bankruptcy protection in New Jersey after its primary financial backer, Saudi Arabia’s Public Investment Fund, withdrew support. The organization owes millions in unpaid compensation to players and has laid off most of its staff. A proposed restructuring plan aims to relaunch the league in 2027 with player majority ownership.
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LIV Golf files for bankruptcy after Saudi fund pulls support, leaving players owed millions in unpaid money
LIV Golf Files for Chapter 11 Bankruptcy Following Withdrawal of Funding