A few cents in the dollar
That is reportedly what LIV Golf has put in front of players still owed millions on guaranteed contracts. It tells you almost everything about where the circuit’s finances have landed.
The Financial Times reported on Monday that the Saudi-backed league could seek bankruptcy protection as early as next week. Behind that sits a scramble for cash, enough of it to get a trimmed-down version of the competition off the ground in 2027. The player settlements are the ugliest page in the file, because men who signed for guaranteed fortunes are now being asked to accept pennies.
Try it for $0.99.
The PIF walked away, and the rest followed
Saudi Arabia’s sovereign wealth fund cut its backing earlier this year. That was the turning point. LIV has since been in talks with private equity firm BC Partners, trying to stay alive.
BC Partners is holding fire. The firm wants to see how LIV and the PIF settle player payments, and what shape any bankruptcy process takes, before it commits anything. Nobody rushes money into a case with a murky liability bill.
Underneath all of it sits a simpler problem. LIV still cannot lock in enough player commitments to launch its “LIV 2.0” project. No players, no product. No product, no funding.
Cancelled events, redundancies, suppliers in court
Two tournaments were scrapped during the 2026 season. Management told staff last week that operations were being cut and jobs lost. Several suppliers have gone to court to recover unpaid invoices.
Four years ago this league shook world golf and pulled a chunk of the PGA Tour’s biggest names across for sums nobody could match. Now it is trying to prove it can last another season. Nothing has been decided yet: the Financial Times wrote about a possible filing, not one that has happened.
Discover the rest of the latest GOLF news on our mathodds website and app!
in your pocket.
Real-time notifications & alerts
Leave a Reply