LIV Golf Reportedly Weighing Chapter 11 Bankruptcy Filing

By Staff Writer

September 1, 2026

2 min read

LIV Golf branded signage at a tournament venue

LoopGolf

Key takeaways

LIV Golf may file for Chapter 11 bankruptcy as soon as the week of Sept. 7, according to reports.
Settlement offers to players owed money beyond 2026 have reportedly come in at a few cents on the dollar.
Saudi Arabia's Public Investment Fund has put more than $5 billion into LIV since 2022 and has said it will not commit further funding.
A restructured "LIV 2.0" would run about 10 events, mostly outside the United States, with reduced purses.

LIV Golf may file for Chapter 11 bankruptcy protection as soon as next week, the Financial Times reported Monday, as the league tries to restructure into a smaller, player-owned operation.

Why is LIV Golf considering bankruptcy?

The Financial Times report said LIV has sent settlement offers to players owed money beyond the 2026 season, with those offers coming at only a few cents on the dollar. The Public Investment Fund, which has bankrolled LIV since its 2022 launch, has been reluctant to provide further funding, and the report said LIV's management is dependent on the PIF to help manage the transition.

The PIF has invested more than $5 billion in the league and said earlier this year it was ending its funding after reported losses of $6 billion.

LIV has already begun scaling back. It told a significant number of employees last week that it was cutting jobs beginning this week, and it canceled two 2026 events, including a Team Championship in Michigan that was set to conclude Sunday. Reports have also described unpaid vendors and lawsuits seeking money from the league.

What would a restructuring change for players?

Under a Chapter 11 filing, LIV's guaranteed multiyear player contracts would be treated as unsecured debt rather than honored in full. Players would face three broad paths: settle and stay with a restructured LIV, settle and leave the league, or fight in bankruptcy court for their contracted money.

What would LIV 2.0 look like?

A restructured league is envisioned as a roughly 10-event schedule, mostly outside the United States, with significantly reduced purses compared with LIV's current run. The PIF is reportedly expected to help fund a bankruptcy loan of less than $100 million but does not plan further direct investment. BC Partners, a potential lead investor exploring a lifeline for LIV beyond 2026, is said to be waiting on LIV and the PIF to resolve player payments and the bankruptcy structure before committing.

LIV has not commented publicly on the reports, and no filing has been confirmed.