LIV Golf preparing to file for bankruptcy in the US
New York Post • • sports
Key Points:
- LIV Golf is preparing to file for bankruptcy in the U.S. if it cannot secure new funding, following the announcement that Saudi Arabia’s Public Investment Fund (PIF) will end its financial support after the 2026 season.
- The PIF has invested nearly $6 billion into LIV Golf since its inception in 2021, using large contracts to attract top players from the PGA Tour.
- With PIF withdrawing support, LIV Golf is urgently seeking new investors and considering relocating its headquarters to the U.S. to benefit from more lenient bankruptcy laws.
- LIV Golf executives emphasize that bankruptcy is a last resort, and they are working on a sustainable business plan to present to potential investors.
- The future of LIV Golf remains uncertain, with the season concluding at the LIV Team Championships in Plymouth, Michigan, on August 30.