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LIV Golf files for bankruptcy after Saudi funding cuts

Yahoo Sports • 1 min read • Latest: Sep 9, 2026, 10:28 AM

Last updated Sep 9, 2026

LIV Golf files for bankruptcy after Saudi funding cuts

Summary

LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey on Tuesday following a decision by Saudi Arabia's Public Investment Fund to scale back investment. The league lists over $64 million in unpaid player compensation, with top stars Jon Rahm and Bryson DeChambeau named among the primary creditors. Documents indicate Rahm is owed approximately $7.4 million, while DeChambeau is owed roughly $5.7 million. In response to the liquidity issues, the league proposed converting outstanding pay into equity stakes for players under a new ownership model. The organization is currently utilizing $49.6 million in debtor-in-possession financing to continue operations during the restructuring. Plans for the future include a 75-player field for a proposed 2027 relaunch.

Source Links

Yahoo Sports

By the Numbers

•LIV Golf filed for Chapter 11 bankruptcy in New Jersey on Tuesday.
•Unpaid player compensation totals more than $64 million across 20 athletes.
•Jon Rahm and Bryson DeChambeau are listed as creditors for $7.4 million and $5.7 million respectively.
•The league aims to restructure under a player-first ownership model for a 2027 relaunch.
•The Public Investment Fund is providing $49.6 million to fund operations during bankruptcy proceedings.

Latest Updates

10:28 AMYahoo Sports — LIV Golf Just Filed for Bankruptcy. Bryson DeChambeau and Jon Rahm Are Owed Millions After Saudi Arabia Pulled Its Funding

What they're saying

"
Saudi Arabia pulled its funding and star players are now standing in line as creditors, raising a question nobody expected to ask about the world's most expensive golf experiment: what happens next to the sport's biggest defectors?
— Yahoo Sports

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