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LIV Golf Files for Chapter 11, Owes $500M

9/9/2026

23 5 Full Breakdown

Summary

Story summary

LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey on September 8, 2026.
The petition lists over $500 million in debt to roughly 1,000 creditors.
Rory McIlroy says the filing will let players leave and strengthen DP World Tour competition.
BC Partners became the new lead investor for the planned LIV 2.0 relaunch.
U.S. President Donald Trump is expected to attend the Irish Open, adding international attention.

History

Historical Context

In 2001, Vince McMahon’s joint venture between WWE and NBC launched the XFL, a single-entity football league that played a ten-week season ending with the Los Angeles Xtreme’s 38–6 “Million Dollar Game” on April 21. Plummeting ratings—NBC’s March 31 broadcast earned a 1.5 rating—and $35 million in losses forced the league into Chapter 11 bankruptcy by May, with creditors receiving only 12 cents on the dollar.

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Story summary

LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey on September 8, 2026.
The petition lists over $500 million in debt to roughly 1,000 creditors.
Rory McIlroy says the filing will let players leave and strengthen DP World Tour competition.
BC Partners became the new lead investor for the planned LIV 2.0 relaunch.
U.S. President Donald Trump is expected to attend the Irish Open, adding international attention.

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