Bloomberg has reported that “LIV Golf has begun preliminary preparations for a potential bankruptcy filing after this season end”.
According to the reports, “LIV Golf is pushing to completely relocate its headquarters to the US to benefit from more favorable bankruptcy restructuring laws.
Also the source noted, “While the current LIV Golf organization spans the UK, the U.S., and Jersey Island, its controlling entity is Saudi Arabia’s Public Investment Fund (PIF), headquartered in Riyadh.”
Saudi’s PIF has invested $5 billion on LIV Golf since it launched in 2022, but said in April that investing in the league no longer fits with its investment strategy.
The PIF’s decision to cut LIV Golf’s funding at the close of the 2026 season has left the breakaway circuit scrambling for new backers and raises questions about the future of its big-name players on lucrative contracts.
The report said that while LIV’s management and advisers were looking for options, including trying to find new investors, they were preparing for the league’s collapse when the season ends in August as a possible outcome.
Article Link: https://www.compleatgolfer.com/news/liv-golf-begins-potential-bankruptcy-work/