LIV Golf Files for Bankruptcy | Spokane News

LIV Golf just filed for Chapter 11 bankruptcy amid $500 million in debt, a move that was widely anticipated after losing Saudi funding. With vendors already suing for unpaid bills, the league is now restructuring under BC Partners, aiming to launch “LIV Golf 2.0” by 2027. The new model features player ownership, a larger field, a cut after 54 holes, and regional team play targeting markets like Asia and Australia. But it’s a far cry from the original vision that promised massive bonuses to lure top stars — including major creditors Jon Rahm and Bryson DeChambeau. Despite holding $100–500 million in assets, LIV’s liabilities sit between $500M and $1B, but they’ve secured $50M in emergency funding from the PIF to keep operations alive during court-supervised reorganization. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f6b86753e9788c2a