English professional golfer, Ryder Cup veteran, LIV Golf participant
Koivun has claimed the 3M Open with a record 25-under 259, finishing three strokes ahead of Scheffler. The 21-year-old, in his third pro start, preserved a bogey-free round to close out a dominant week at TPC Twin Cities, while Scheffler finishes as runner-up after a late surge.
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.
LIV Golf has announced staff reductions as it seeks a new lead investor to fund a revamped LIV 2.0 after Saudi PIF ends its backing. The move follows the 2026 season’s end and a canceled Detroit finale, with a timetable that hinges on securing capital and obtaining player buy-in.
The LIV Golf breakaway has filed for Chapter 11 in the United States as Saudi PIF withdraws backing and BC Partners steps in with financing. The move aims to preserve LIV as a going concern while reshaping ownership, with talks of a return by stars to the PGA Tour and DP World Tour as contracts are renegotiated or cancelled.
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.
LIV Golf is pursuing a 2.0 restructuring while facing a legal challenge from the DP World Tour over player releases and governance. The European tour is demanding players choose their associations, with deadlines looming as LIV seeks funding and a broader player equity model.