LIV Golf has filed for Chapter 11 bankruptcy protection in New Jersey after its 2026 season ended early in Indianapolis, following Saudi Arabia's Public Investment Fund (PIF) withdrawing financial backing. PIF halted funding in April to prioritise domestic projects and manage financial strain linked to regional tensions with Iran, prompting governor Yasir Al-Rumayyan to resign from LIV's board. The move throws the five-year-old breakaway league's future into serious doubt, leaving staff, contractors and top players unpaid.

Having spent an estimated $5–8 billion since 2021, LIV now owes millions in unpaid compensation to players including Jon Rahm, Bryson DeChambeau, Dustin Johnson and Cam Smith, and faces a lawsuit from the Premier Golf League. PIF has provided a further $50 million to keep the league running during proceedings, while survival now hinges on a proposed "LIV 2.0" relaunch backed by London firm BC Partners, which would hand players majority ownership and revert to a more traditional 72-hole, cut-based format from 2027 — with existing player contracts expected to be voided.