LIV Golf Files Chapter 11 With $500M-$1B in Debt

LIV Golf filed for Chapter 11 bankruptcy protection on September 8, 2026 in the U.S. Bankruptcy Court for the District of New Jersey, after primary backer Saudi Arabia’s Public Investment Fund withdrew its funding commitment.

Why it matters: Confirm your claim against LIV Golf now and review credit insurance notification deadlines before the bar date.

What triggered LIV Golf’s bankruptcy filing

LIV Golf’s collapse traces to a single funding decision by its sole financial backer.

• Saudi Arabia’s Public Investment Fund invested more than $5 billion in LIV Golf since founding the league in 2021 and withdrew its funding commitment in April 2026.
• PIF is providing $49.6 million in debtor-in-possession financing, subject to court approval, to keep LIV Golf running during the case.
• LIV Golf CEO Scott O’Neill said the filing gives the league “the structure and time to pursue a landmark transaction.”

Which creditors carry the largest exposure to LIV Golf

Court filings list more than 1,000 creditors, with player contracts among the largest unsecured claims.

• Jon Rahm holds a $7.4 million unsecured claim, the largest disclosed player obligation in the filing.
• Bryson DeChambeau is owed $5.7 million and Dustin Johnson $5.4 million under existing LIV Golf contracts.
• At least 24 of LIV Golf’s top 30 creditors are owed more than $1 million each, and total liabilities fall between $500 million and $1 billion against $100 million to $500 million in assets.

What LIV Golf’s restructuring plan proposes

LIV Golf entered Chapter 11 with a restructuring plan already negotiated with BC Partners.

• BC Partners has committed financing for a recapitalized “LIV 2.0” targeting relaunch in early 2027, contingent on Chapter 11 approval.
• The proposed structure would make players majority owners of the league and expand fields to 75 golfers with cuts and Monday qualifying.
• LIV Golf set a mid-October 2026 deadline for players to commit to the restructured league, and the plan is expected to release players from their current contracts.

What to do now

Event vendors, broadcast partners, hospitality contractors, and equipment suppliers that extended credit or services to LIV Golf should treat the bar date like any other Chapter 11 deadline.

1. Confirm your claim amount against LIV Golf’s bankruptcy schedules and file a proof of claim before the court-set bar date.
2. Review any trade credit insurance policy in force at the time of the filing, since coverage is subject to credit limits, notification requirements, and policy terms in place at the time of the filing.
3. Reassess counterparty risk on any other client whose revenue depends on a single sponsor or backer, since PIF’s withdrawal is what forced this filing.
4. Contact Securitas Global Risk Solutions to review your coverage before the claims process moves forward.

Disclaimer:
This blog post is meant to be informative and provide helpful tips and insights into credit insurance policies. It is not meant to supersede any policy requirements. Please consult your credit insurance policy for all requirements including claim filing deadlines and required documentation.

Since 2004, Securitas Global Risk Solutions, LLC has helped clients develop trade credit and political risk transfer solutions. As an independent brokerage, Securitas is focused on developing comprehensive solutions that meet client needs, ensuring a complete understanding of policy wording and delivering excellent responsive service. If you want to understand how trade credit insurance can protect your business, contact Securitas Global Risk Solutions to speak with a specialist.