American pro golfer on the PGA Tour; five-time major winner
LIV Golf has secured multiple written commitments from blue‑chip firms that would provide anchor funding after Saudi PIF pulled support; CEO Scott O’Neil has been pursuing $250–$300m and sources say term sheets envision players holding majority equity and events continuing across five continents. Meetings are scheduled at the New Jersey event and a deal was expected in September.
The breakaway LIV Golf has filed for bankruptcy protection in New Jersey as it plans a restructuring and a return in a new form. Rahm has signalled he may return to the PGA Tour if opportunities open, and European hopes hinge on next year’s Ryder Cup at Adare Manor.
LIV Golf has filed for Chapter 11 bankruptcy in New Jersey and has agreed a restructuring with BC Partners while Saudi Arabia's Public Investment Fund has provided $49.6m in debtor-in-possession financing. The company has listed $500m–$1bn in liabilities, plans a player-majority ownership model and aims to return in 2027.
The PGA Tour has detailed a two-tier framework—Championship Series and Challenger Series—set to launch in 2028. The plan includes a Last Chance Series for three top-tier cards, revised exemptions, and a structured points system. DP World Tour links remain under discussion as talks continue, with past major winners retaining extended eligibility.
LIV Golf has filed for Chapter 11 bankruptcy protection in the United States, owing about $45m to players. The move signals a reboot for LIV 2.0, but the path back to the PGA Tour and DP World Tour remains uncertain as contracts, funding and format are renegotiated. Top players are weighing departures as the sport reorganises.
BC Partners Credit has committed an initial $300 million to LIV Golf’s restructuring, subject to bankruptcy court approval. The funding aims to propel LIV Golf into 2027, with a promised player-owned, globally oriented league as the core ambition. Hearings are set to address the terms and next steps as the league negotiates with creditors and players.