LIV Golf officially filed for bankruptcy this week, hoping to rebuild a self-sustaining world golf tour from the ashes of Saudi Arabia's most infamous sportswashing attempt.
Ever since the Saudis pulled their billions of dollars in funding, the tour has faced an existential crisis. As its 2026 season concluded, it canceled its team championship event and ended the campaign early. LIV then laid off most of its workforce before ultimately filing for bankruptcy.
While LIV Golf CEO Scott O'Neil has hyped a potential new investor that could save the tour, the reality paints a far different picture.
According to the bankruptcy filing, LIV has until Oct. 13 to meet several criteria for BC Partners to make their investment official. At least half the players with outstanding claims against LIV, including top stars like Jon Rahm and Bryson DeChambeau, must sign on to the new agreement in order to make it valid.
Incredibly, LIV doesn't just owe money to players it forked over millions of dollars to in order to join its rebel tour. It also owes money to other people and entities, including YouTube content creator Rick Shiels. LIV still owes him $1.4 million as an ambassador, in one of the clearest signs of the wasteful spending that doomed the league.
#golf #including
Ever since the Saudis pulled their billions of dollars in funding, the tour has faced an existential crisis. As its 2026 season concluded, it canceled its team championship event and ended the campaign early. LIV then laid off most of its workforce before ultimately filing for bankruptcy.
While LIV Golf CEO Scott O'Neil has hyped a potential new investor that could save the tour, the reality paints a far different picture.
According to the bankruptcy filing, LIV has until Oct. 13 to meet several criteria for BC Partners to make their investment official. At least half the players with outstanding claims against LIV, including top stars like Jon Rahm and Bryson DeChambeau, must sign on to the new agreement in order to make it valid.
Incredibly, LIV doesn't just owe money to players it forked over millions of dollars to in order to join its rebel tour. It also owes money to other people and entities, including YouTube content creator Rick Shiels. LIV still owes him $1.4 million as an ambassador, in one of the clearest signs of the wasteful spending that doomed the league.
#golf #including
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