Story perspectives

PIF Ends LIV Funding, Opening Possible Chapter 11

9/1/2026

Summary

PIF Ends LIV Funding

Saudi Arabia's Public Investment Fund ends LIV Golf funding, prompting a possible Chapter 11 filing.
LIV Golf offered players settlements of only a few cents per dollar for post-2026 contracts.
The league told most staff their jobs end the first week of September 2026.
BC Partners is discussing a $300 million equity-like investment to keep LIV afloat after PIF’s withdrawal.
PIF may provide under $100 million in debtor-in-possession financing if LIV files Chapter 11.

Summary

LIV Golf Stages

LIV Golf staged a New York event at Trump National Bedminster on August 6, 2026.
The tournament proceeded despite recent mass layoffs and ongoing funding uncertainty.
Reuters said it could not immediately verify the bankruptcy and settlement details reported by the Financial Times.
LIV Golf and the Public Investment Fund gave no comment at the time of reporting.

History

Historical Context

1977 saw Kerry Packer launch World Series Cricket, a rebel tour that forced cricket authorities into costly legal battles and reshaped broadcast revenue models. The 2026 pull-out of Saudi Arabia’s Public Investment Fund from LIV Golf revived that disruption pattern, prompting a $300 million rescue plan and highlighting how billionaire-backed leagues can destabilize traditional sport financing.

1 of 3

PIF Ends LIV Funding

Saudi Arabia's Public Investment Fund ends LIV Golf funding, prompting a possible Chapter 11 filing.
LIV Golf offered players settlements of only a few cents per dollar for post-2026 contracts.
The league told most staff their jobs end the first week of September 2026.
BC Partners is discussing a $300 million equity-like investment to keep LIV afloat after PIF’s withdrawal.
PIF may provide under $100 million in debtor-in-possession financing if LIV files Chapter 11.

1 / 3