The golf league LIV Golf, founded to challenge the American PGA Tour, has filed for Chapter 11 bankruptcy protection in New Jersey, with up to $1 billion in liabilities, after its primary backer, Saudi Arabia’s Public Investment Fund (PIF), pulled its funding four years after LIV was founded. The Gulf state had poured some $5 billion into the LIV Golf venture.
Reportedly, the league’s top seven creditors are LIV players themselves. However, PIF is providing a $49.6 million loan to fund the bankruptcy proceedings, while LIV is seeking $300 million in additional investment to keep the golf league going.
For its 2026 season, LIV Golf has agreements with broadcasters including FOX (U.S.), TNT (U.K. and Ireland), Sky Sport (Germany), Seven Network (Australia), and DAZN (multiple territories), among others.
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