LIV Golf has filed for Chapter 11 bankruptcy protection in a New Jersey federal court after Saudi Arabia's Public Investment Fund (PIF) withdrew its multibillion-dollar funding in April. The filing lists at least $45m (£33m) owed to 14 current and former players among the top 30 unsecured creditors. Jon Rahm leads with a $7.5m claim, followed by Bryson De Chambeau ($5.7m), Dustin Johnson ($5.5m), and Cameron Smith ($4.8m). A source clarified these figures represent unpaid amounts for Q3 2026 only.

LIV estimates assets between $100m-$500m and liabilities between $500m and $1bn. PIF is providing $49.6m in debtor-in-possession financing. LIV says it has secured a new investor in BC Partners and plans to launch a majority player-owned "LIV 2.0" early next year.

The bankruptcy voids previous contracts, allowing players to leave without obligation to join the new entity, though timing for discussions with other tours remains unclear. CEO Scott O'Neil expressed confidence in achieving a "critical mass" of players, while Rahm stated he is willing to fulfill his current contract but acknowledged uncertainty.