LIV Golf, the alternative to the PGA Tour that was backed by Saudi Arabia’s Public Investment Fund, has officially filed for bankruptcy following PIF’s decision to pull funding from the organization.
🚨💰❌ #BREAKING NEWS — The LIV Golf League has formally filed for Chapter 11 Bankruptcy. Jon Rahm & Bryson DeChambeau have been listed as the top two unsecured creditors.
— NUCLR GOLF (@NUCLRGOLF) September 8, 2026
(First to report: @sindap)
What are your thoughts on this? pic.twitter.com/dG4BvMjd6J
LIV Golf has filed for bankruptcy protection as it attempts to restructure after Saudi Arabia withdrew its multibillion-dollar funding - a move that means all its players are free to leave. pic.twitter.com/jDxrmNzTDo
— BBC Sport (@BBCSport) September 8, 2026
LIV ch 11 petition hits the docket. Here are the top 10 unsecured creditors starting with Jon Rahm and Bryson DeChambeau:https://t.co/kO0K6m2ycA pic.twitter.com/g7cmb4DLte
— Sujeet Indap (@sindap) September 8, 2026
LIV intends to use Chapter 11 bankruptcy as an opportunity to restructure the organization into a “player-first ownership model,” but did not provide details on what the approach would look like in a statement announcing the move.
A letter to LIV Golf fans from Scott O'Neil
— LIV Golf (@livgolf_league) September 8, 2026
The next phase of LIV Golf will be built around a sustainable business model and deeper alignment between players and the League, with team golf at its core. Players will have the opportunity to share directly in the value they help… pic.twitter.com/On4YfdMgRg
LIV is saddled with a significant amount of debt, namely to a variety of high-profile players who jumped from the PGA Tour to LIV when offered vast sums of guaranteed money nearly half a decade ago. The debt to those players is unsecured, so many contractual obligations to big names like Bryson DeChambeau, Jon Rahm, and Dustin Johnson could go unfulfilled.
It remains unclear if the largest names on the LIV roster will continue to participate in the PGA alternative moving forward.
