Whether LIV Golf survives into 2027 will be known by end of October, attorney says during bankruptcy hearing
Key Points:
- LIV Golf’s future, dubbed "LIV 2.0," will be determined by the end of the month, with an attorney informing a federal bankruptcy court that a decision will be made on whether the league continues into 2027 or shuts down.
- A New Jersey bankruptcy judge approved the rejection of 19 players' existing LIV Golf contracts, as these deals do not align with the proposed compensation structure for LIV 2.0, effectively releasing top players like Bryson DeChambeau, Dustin Johnson, and Cam Smith.
- Despite a $5 billion investment by Saudi Arabia's Public Investment Fund ending, LIV Golf has secured a potential $300 million investment from BC Partners contingent on certain conditions, but retaining players remains a significant challenge.
- Several prominent golfers, including Jon Rahm, Cam Smith, Sergio Garcia, David Puig, and Abraham Ancer, have indicated they will not stay with LIV 2.0, with some seeking to return to the PGA or DP World Tours.
- LIV Golf’s attorney criticized the DP World Tour’s new policy requiring players to choose exclusively between the two tours in 2027, calling it a deliberate interference with LIV’s restructuring and a restriction on player freedom, which LIV Golf emphasizes as central to its mission.