LIV Golf may be headed for bankruptcy.
The league is reportedly preparing for a Chapter 11 filing as soon as the week of September 7 after Saudi Arabia’s Public Investment Fund stopped funding the operation beyond 2026.
Now LIV is trying to secure new financing while also dealing with millions in guaranteed player payments…
And some players could ultimately find themselves sitting in the unsecured creditor pool.
The structure of this one could get very interesting very quickly.
-The Bankruptcy Brief