Sport
LIV Golf Files for Bankruptcy Amid Financial Restructuring
LIV Golf has filed for bankruptcy in New Jersey following the withdrawal of Saudi funding, leaving at least $45 million in unpaid debts to professional golfers.
According to a report by Khaosod Online, LIV Golf officially filed for bankruptcy protection in a New Jersey federal court on September 8, 2026. This move follows a severe financial crisis triggered by the Public Investment Fund (PIF) of Saudi Arabia withdrawing billions of dollars in sponsorship and canceling several scheduled tournaments.
Court documents reveal that the organization owes at least $45 million to its top 30 creditors, which includes outstanding payments to 14 current and former professional golfers. Among those listed with significant unpaid earnings are two-time major champion Jon Rahm, who is owed $7.5 million, and Bryson DeChambeau, with $5.7 million in outstanding dues. To stabilize the business and facilitate financial restructuring, LIV Golf has identified BC Partners, an international investment firm, to assist during this transition period.
For residents and travelers in Thailand who follow international sports, this development signals significant uncertainty regarding the future of LIV Golf events and the professional golf landscape. While the bankruptcy filing aims to preserve the company's operations, it remains to be confirmed how the restructuring will affect the tour's long-term viability and whether the new investment from BC Partners will be sufficient to settle all outstanding debts to players and vendors. Further updates are expected as the court proceedings progress.