# LIV Golf files for bankruptcy after Saudi fund pulls support, leaving players owed millions in unpaid money

- URL: https://talkfuse.com/story/liv-golf-files-for-bankruptcy-after-saudi-fund-pulls-support-leaving-players-owed-millions-in-unpaid-money/
- Published: 2026-09-09T13:37:04+00:00
- Updated: 2026-09-09T19:43:27+00:00
- Original publisher: Fox News (publisher lean: Far right)
- Original article: https://www.foxnews.com/outkick-sports/liv-golf-files-bankruptcy-saudi-fund-pulls-support-leaving-players-owed-millions-unpaid-money
- Topics: Americas, Middle East, World

## Key points

- LIV Golf files for Chapter 11 bankruptcy after PIF withdraws funding
- League owes players like Rahm and DeChambeau millions; contracts to be voided
- "LIV 2.0" relaunch planned for 2027 with BC Partners backing and player ownership

## Summary

LIV Golf has formally filed for Chapter 11 bankruptcy protection in a New Jersey court, bringing its business model to a halt after five years of operation and an early end to its 2026 season in Indianapolis. The collapse followed Saudi Arabia's Public Investment Fund (PIF) withdrawing its financial backing in April, as it redirected money towards domestic projects and managed strain linked to regional tensions with Iran; PIF governor Yasir Al-Rumayyan subsequently resigned from LIV's board. Having spent an estimated $5-8 billion since 2021, the league laid off most of its operational staff, left contractors unpaid, and now faces a lawsuit from rival the Premier Golf League alleging breach of confidence and conspiracy.

Court filings show LIV owes millions in unpaid compensation to leading players including Jon Rahm, Bryson DeChambeau, Dustin Johnson and Cam Smith, with Chapter 11 proceedings expected to void their existing contracts. PIF has provided a further $50 million to keep the league operating through bankruptcy while it pursues a restructuring plan dubbed "LIV 2.0," under which London-based private equity firm BC Partners, linked to player agency GSE Worldwide, would fund a 2027 relaunch and hand players majority ownership. CEO Scott O'Neil has outlined a revamped format for the proposed reboot—75-player fields, 72-hole events with cuts, Monday qualifiers and a national team structure—closely resembling the traditional tour model LIV originally set out to disrupt.

## Coverage

- [Fox News: LIV Golf files for bankruptcy after Saudi fund pulls support, leaving players owed millions in unpaid money](https://www.foxnews.com/outkick-sports/liv-golf-files-bankruptcy-saudi-fund-pulls-support-leaving-players-owed-millions-unpaid-money)
- [The Guardian: LIV Golf files for bankruptcy protection as it looks to ‘begin the next chapter’](https://www.theguardian.com/sport/2026/sep/08/liv-golf-files-for-bankruptcy-protection-as-it-looks-to-begin-the-next-chapter)
- [The Hill: LIV Golf could soon be majority player-owned as organization files for Chapter 11 bankruptcy](https://thehill.com/business/6077526-liv-golf-chapter-11-bankruptcy-new-model/)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.