LIV Golf is reportedly planning to file for bankruptcy in the coming weeks as it seeks to restructure its contracts and address its debt burden. This move comes amid a period of uncertainty for the upstart golf league.
According to reports, players who have outstanding contract payments have been offered equity in a potentially reformed version of the league. These equity offers are said to vary based on a player's stature and the value of their existing contract, with the potential for players to become majority owners of "LIV Golf 2.0" if the necessary funding is secured.
Players have reportedly received "Indication of Interest" documents, though reactions have been mixed. Some players are prepared to remain with the league, while others have yet to sign or return the documents.
A significant factor in the league's future is reportedly golfer Jon Rahm, who is owed a nine-figure sum under his current contract, which has multiple years remaining. Should LIV Golf file for bankruptcy, Rahm could become its largest creditor. His commitment to playing in LIV Golf beyond 2027 remains uncertain, giving him considerable influence over the league's future direction.
Despite these financial pressures, sources indicate that LIV Golf has received multiple written commitments from investment firms interested in serving as anchor investors to support the league's future. These firms have submitted term sheets to support the formation of a financing syndicate aimed at capitalizing LIV Golf 2.0. The finalization of this deal is anticipated in September.
LIV Golf currently has three events remaining on its 2026 schedule, including a tournament scheduled for next week at Trump National Golf Club in Bedminster, New Jersey.