LIV Golf is expected to file for bankruptcy protection as soon as the week of September 7, 2026, in a federal district court in New Jersey [1, 2, 3]. The golf league has laid off most of its workforce while trying to secure funding for its next phase [1, 2, 3].
Saudi Arabia's Public Investment Fund (PIF), which launched LIV Golf in 2022 with more than $5 billion in investments, announced in April 2026 it would cut funding at the end of the season [1, 2, 3]. PIF is expected to offer a bankruptcy loan of less than $100 million but will not commit to further financial support [1, 2, 3].
LIV Golf also sent settlement offers to its players who are owed millions in guaranteed payments beyond 2026. Initial offers reportedly amount to only a few cents on the dollar [1, 2, 3]. The move follows months of financial strain since PIF's funding reduction announcement.
Reuters could not immediately verify the bankruptcy report, and neither LIV Golf nor PIF responded to requests for comment outside regular business hours [1, 2, 3].
Since its launch in 2022, LIV Golf has been a controversial entrant into the professional golf world, heavily backed by Saudi Arabia [1, 2, 3]. The expected bankruptcy filing marks a major shift for the league and its financial future.
If the filing occurs as anticipated, the bankruptcy process will play out in the coming months in New Jersey federal court, determining the league's next steps and how creditors and players will be compensated [1, 2, 3].
