LIV Golf Reportedly Preparing for Bankruptcy Filing
31 August 2026, Monday 14:51Last Update: 31.08.2026 14:55
LIV Golf could file for bankruptcy protection as early as the week of September 7, according to the Financial Times.
The report says the league is negotiating its next steps as funding runs out. Saudi Arabia’s Public Investment Fund (PIF) is set to end its financial backing after the 2026 season.
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Last week, LIV Golf laid off most of its workforce while searching for new funding. The league has reportedly offered settlements to players owed guaranteed contracts worth millions, with offers totaling only a few cents on the dollar. Since launching in 2022, PIF has invested more than $5 billion into LIV Golf.
The bankruptcy filing is reportedly expected to take place in New Jersey federal court. Neither LIV Golf nor the PIF has officially commented on the report.
