LIV Golf files for Chapter 11 bankruptcy in New Jersey

LIV Golf filed for Chapter 11 bankruptcy protection in the New Jersey District U.S. Bankruptcy Court on Tuesday. The voluntary move follows the Saudi PIF’s decision to end funding for the league earlier this year. As part of the restructuring, the organization announced an agreement with BC Partners Credit to pursue a potential recapitalization transaction. Current plans aim to shift the league toward a new ownership model that features players as majority equity holders. Management remains in active negotiations with players regarding the transition. The proposed agreement with BC Partners is subject to final approval by both the court and stakeholders. Officials describe the filing as a necessary step to preserve the league’s future operations while securing a new financial structure.

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