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LIV Golf Seeks Chapter 11 as Saudi Funding Ends

5/20/2026

28 5 Full Breakdown

Summary

LIV Golf Bankruptcy

LIV Golf is preparing a Chapter 11 filing after Saudi Public Investment Fund withdrew financing.
The league needs $250 million, or $150 million plus up to $100 million from sales and media, and Public Investment Fund spent $5 billion on LIV Golf since 2022, ending support after the 2026 season.
The season ends with LIV Team Championships on Aug. 30, and Bryson DeChambeau and Jon Rahm said they are uncertain about payouts if league shuts down.

Summary

Al-Rumayyan Resigns

Yasir Al-Rumayyan will step down as governor of the Public Investment Fund and LIV Golf chairman.
LIV Golf postponed its New Orleans tournament scheduled for June, creating a gap before the UK event.
Ducera Partners has been hired to lead the league’s search for new investors amid funding uncertainty.
Investors remain hesitant because the league’s financing has sparked controversy in the sports world.

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LIV Golf Bankruptcy

LIV Golf is preparing a Chapter 11 filing after Saudi Public Investment Fund withdrew financing.
The league needs $250 million, or $150 million plus up to $100 million from sales and media, and Public Investment Fund spent $5 billion on LIV Golf since 2022, ending support after the 2026 season.
The season ends with LIV Team Championships on Aug. 30, and Bryson DeChambeau and Jon Rahm said they are uncertain about payouts if league shuts down.

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